Hello fellow Bitcointalkers!
I've been mulling over this for quite some time, and I feel it's time to dive into one of the most profound topics in the crypto world: Centralization vs. Decentralization. I've noticed this duality splits the community and I wonder, is there a balance to strike?
Centralization:
Pros: Potential for faster transaction throughput, a focal point of control and regulation, easier to implement changes and updates.
Cons: Risk of a single point of failure, susceptibility to censorship, a tendency towards monopolization.
Decentralization:
Pros: Censorship resistance, enhanced security through distribution, inheriting the initial spirit of Bitcoin and the idea of autonomy.
Cons: Potentially reduced scalability, decision-making difficulties, possibility of fragmentation and disparities.
It's clear both come with their merits and demerits. But, do we need to acknowledge that both can coexist? Are there situations where centralization could be beneficial? Can there be a balance?
Eager to hear your thoughts! I believe it's vital to discuss these matters to guide the future of blockchain tech and cryptocurrencies in the right direction.
Let's have a fruitful discussion!
Both have their pros and cons but what I don't get is why people keep shading Cex black even if they know the danger in DEx is more numerous than cex. This makes me wonder, how people don't still get it that anyone can easily fall for scammers on dex than cex. Fine, Cex can be hacked. That doesn't mean Cex can't be hacked too Mixin for example got hacked with no trace.
I use both but I think I prefer cex in this case when it comes to security, to be honest. I think I once shared about how to secure ourselves and how to go about it in my previous post. There Cex like Bitget, Binance and even Kraken that do well when it comes to security