Is Decentralization the future?

[Agbe]

With the way the world's financial system is changing fast over the years one is tempted to say that yes decentralization is what is about taking over the world in the nearest future because in decentralized financial system using wallet you don't have to pass through the rigor and inconvenience that the traditional banking system offers thereby limiting some of these processes coupled with the fact decentralized system is faster and better

[Mate2237]

Yes decentralized exchange will take over the world because the way the government is taking over the CEX Dex is the next option for me. I am still looking for a good one to use and abandoned all these nonsense CEX. I am really tired of using CEX but since their is no good dex to use so I am still managing it to. And once I see a good Dex, I will say bye bye to CEX.

If those who created electrum can develop Dex for only trading then everything is settled.

[electronicash]

Yes decentralized exchange will take over the world because the way the government is taking over the CEX Dex is the next option for me. I am still looking for a good one to use and abandoned all these nonsense CEX. I am really tired of using CEX but since their is no good dex to use so I am still managing it to. And once I see a good Dex, I will say bye bye to CEX.

If those who created electrum can develop Dex for only trading then everything is settled.

what those wallet developers should be doing is keep themselves private as possible. be anonymous as possible. once they are known to the public, the government can just go to their house forces them to edit something on their codes and that it. it wil not be decentralize anymore.

MICA the regulatory body in Europe was planning to consider the wallet developers as brokers aka exchanges which as a result is that the government will be able to coerce then to follow guidelines and make these developers ask for KYC to all their users.

[DYING_S0UL]

Yes decentralized exchange will take over the world because the way the government is taking over the CEX Dex is the next option for me. I am still looking for a good one to use and abandoned all these nonsense CEX. I am really tired of using CEX but since their is no good dex to use so I am still managing it to. And once I see a good Dex, I will say bye bye to CEX.

If those who created electrum can develop Dex for only trading then everything is settled.

Have you considered trying out bisq? They are decentralized, KYC free, and open source. Also no registration is required to use their services.

Personally speaking, I haven't tried it myself but I have only heard good things about this exchange. I would have used it, but there are so few/aren't any merchant for p2p transaction in my local currency. They only prefer popular CEX's.

But if that's not the case for you, then you should definitely give it a go.

• https://bisq.network/

[Mate2237]

Have you considered trying out bisq? They are decentralized, KYC free, and open source. Also no registration is required to use their services.

Personally speaking, I haven't tried it myself but I have only heard good things about this exchange. I would have used it, but there are so few/aren't any merchant for p2p transaction in my local currency. They only prefer popular CEX's.

But if that's not the case for you, then you should definitely give it a go.

• https://bisq.network/

Before you make recommendations, you have to try it by yourself and not they said statement. I have been trying to use bisq exchange but it is only for laptop and it is only working in Linux OS and not Windows Operating System. So I abandoned it as well. Those who developed that exchange don't want to expand it to mobile users and device friendly but it restricted to many devices.

[dkbit98]

Decentralization is good for some things, but not for everything.
Except for dex exchanges, good use case of decentralization would be VPN services, for example NYM VPN is using decentralization for their service.
I am sure there are other good use cases, but we should be careful for fake decentralization tags like we saw in the past.

[densuj]

Decentralization is poised to shape the future, driven by blockchain, DeFi, and Web3 technologies. It offers greater autonomy, reducing reliance on centralized institutions like banks or tech giants, which can be prone to censorship, data breaches, or monopolistic control. Bitcoin and Ethereum exemplify decentralized systems, enabling trustless transactions and innovation. However, challenges like scalability, regulatory hurdles, and user adoption remain. While centralized systems still dominate due to convenience and infrastructure, growing distrust in institutions and demand for privacy fuel decentralization’s rise. The future likely blends both, with decentralized solutions gaining traction for finance, governance, and digital identity, empowering individuals globally.