Post
Topic
Board Altcoin Discussion
Re: What's your opinion on the future of Decentralised exchanges
by
asrinur
on 28/03/2023, 14:04:32 UTC
I think not all decentralized exchanges are perfect. While most DEX are still less intuitive than some other centralized exchange platforms, Decentralized exchanges are generally fully permissionless meaning anyone can use them and allow users to maintain full control over their assets at all times.

Decentralized exchanges can never be like centralized exchanges, they don't share the same properties, centralized exchanges are custodial which means everything is under their care while decentralized exchange gives you the protocol level to operate on while you have the control of it since you handl the private key to your wallet. When decentralized exchange start having features of centralised exchange, then it is no longer decentralized any more, there should never be a middle person in decentralised exchange. It wouldn't be bad if DEX can streghen their security features for maximum efficiency.
It should be noted that a decentralized exchange is one that does not have one central entity controlling it, and users have control over their own private keys. This is in contrast to a centralized exchange which controls user assets and has the authority to handle transactions. However, decentralized exchanges still have some drawbacks such as lack of liquidity and less regulated security. Therefore, it is important for decentralized exchanges to continuously strengthen their security features for maximum efficiency.