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
Definitely, we will soon see a safe DEX with user-friendly interface and solid speed, which will be a real popular without necessity KYC. Maybe such DEX will be Nash or Binance DEX.
p.s. Waves actually not true DEX.
it will never be Binance DEX because despite what they are calling it, their new platform is FAR from being actually decentralized. and something like that will never succeed or be able to compete with actual decentralized exchanges.
there already are better decentralized exchanges, they are just small and since they are new the projects aren't mature enough so people aren't willing to trust their money with them YET but this won't stay like this forever.