Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: David Emmett on December 08, 2021, 01:49:52 PM
-
A decentralized exchange solution in Blockchain App Factory offers an online peer-to-peer (P2P) cryptocurrency exchange service which functions without central authority responsible for the asset storage and swapping.
-
A decentralized exchange solution in Blockchain App Factory offers an online peer-to-peer (P2P) cryptocurrency exchange service which functions without central authority responsible for the asset storage and swapping.
IMO, I believe decentralized exchanges are safer compared to a centralized exchange, aside from being safer it was also helping to preserve our private identity, as we see nowadays DeX is getting more popular and achieving another milestone along with a decent volume, but besides of those achievements DeX are also experiencing some setbacks, like exploits and the ever-increasing gas fee on Ethereum based DeX's but overall it's great.
Anyway, it's better to add some reliable information about that DeX platform that you want to promote.
-
A decentralized exchange solution in Blockchain App Factory offers an online peer-to-peer (P2P) cryptocurrency exchange service which functions without central authority responsible for the asset storage and swapping.
IMO, I believe decentralized exchanges are safer compared to a centralized exchange, aside from being safer it was also helping to preserve our private identity, as we see nowadays DeX is getting more popular and achieving another milestone along with a decent volume, but besides of those achievements DeX are also experiencing some setbacks, like exploits and the ever-increasing gas fee on Ethereum based DeX's but overall it's great. Anyway, it's better to add some reliable information about that DeX platform that you want to promote.
There are many good advantages when using decentralized exchanges...one example is that they are less prone to be hacked unlike with centralized exchanges. And of course, there are no people who can decide anytime on your transactions. However, it does not mean that centralized exchanges are all bad because there are also good points that they can offer and that is why in the cryptocurrency market both DEX and CEX platforms are doing good business. I myself is using both of these types of exchanges.
-
Indeed it is. In the past many exchanges were compromised due to there lack of proper security protocols and things handling like trade band stock bolume but now its deferent.