Quote from: Nolimitz84 on April 11, 2019, 10:11:41 AM

Quote from: omi121 on April 09, 2019, 06:35:44 AM

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 Huh

The meaning of decentralized exchanges is only one-they are not controlled by one firm.This is exactly what is needed for cryptocurrency.By and large, centralized exchanges are ordinary banks,with only one difference that they use cryptocurrencies instead of fiat money.

I don't think that the decentralized exchanges will always be secure because nothing in this world can be 100% secure. There could be a hole or bugs that could be used by the hacker to penetrate and steal the assets.

But it will be interesting if we have centralized and decentralized exchanges so we can choose on where exchanges we can trade and I think that will be good too for us because we can make a bigger profit from both exchanges.