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
The decentralized market is difficult for regulatory agencies and blockchain technology to still have many shortcomings that can best protect the account.
Blockchain technology needs to be improved over the next few years so that large businesses can use it.
Exchange in a decentralized market is always at risk because there is no government intervention.