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
I think Decentralized exchanges will be the future because people dont have to provide KYC. Perhaps DEX like cryptobridge need KYC for US Customer but its only for US but not for many country