Post
Topic
Board Altcoin Discussion
Re: What's your opinion on the future of Decentralised exchanges
by
Abiky
on 24/01/2023, 16:45:54 UTC
I agree. I don't think most people can catch up with DEX that easily. In this day and age wherein a lot of minor inconveniences are considered as 'problems' by a lot of people, you wouldn't expect them to try and go learn about DEX themselves. It's quite ironic when information is readily available, but people still stay uninformed. CEX provides that easy access and an overall smooth transaction for the average Joe, and DEX is for those who seek added security and anonymity in dealing with cryptocurrencies. It will remain as a separate niche for a long time, and CEX will surely eat the bigger share of the pie until then - though that doesn't mean that DEXs would be gone. They're just not going to be hosting a lot of volumes that's for sure.

DEXs have many flaws, so it's unlikely they'll replace CEXs anytime soon. Despite this, I still believe they have a future because developers are working on improving them every step of the way. L2 scaling solutions, and ZK-Proofs will make DEXs as comparable as CEXs someday. These last ones would be more regulatory-compliant because of the way they were designed.

In the future, people will get to choose an exchange depending on their needs. If they want anonymity and control of their funds, they'd simply use a DEX. But if they want ease of use or more liquidity/trading volume, a CEX would be the only way to go. It seems to me that CEXs and DEXs will co-exist for generations. Just my opinion Smiley