Recently I came across an article about the future of decentralized exchanges and how they are going to transform the centralized exchanges. One thing that clearly mentioned is that decentralized exchanges are secure and impossible (kind of) to hack as no central entity is running/controlling them. However, I heard about the security breach of Bancor and waves DEX. So what's the point of decentralized exchanges if they are still being hacked
It is depends, if much of the hash power are controlled by a single or a group of entity, they can still penetrate the blockchain and the transactions that the blockchain has, I've just heard about some issues before and I can't recall it right now, but this sounds to be an inside job what do you think?