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Title: Decentralized exchange? Post by: Bit_Happy on June 12, 2017, 07:54:12 AM Is there a single decentralized exchange with active users? Are the "real ones" still clearly better?
Title: Re: Decentralized exchange? Post by: BitHodler on June 12, 2017, 09:54:44 AM Bitsquare ~ https://bitsquare.io
Coinffeine ~ http://www.coinffeine.com Both platforms do experience some usage, but literally in no way can they beat the high level of convenience that people experience when using the more traditional exchanges. In terms of Bitcoin, it may take hours for a purchase or sale to settle, which is obviously something most people don't have the patience for. Choices ~ will you go for convenience and accept operating within a centralized system, or will you choose for less convenience, but total decentralization? Title: Re: Decentralized exchange? Post by: reflector on June 12, 2017, 10:55:10 AM Is there a single decentralized exchange with active users? Are the "real ones" still clearly better? Yes, some decentralized exchanges are available in the market. Bcexchange or bitsquare are mostly used among the people. However, till the bitcoin is not been centralized money, we have to consider the bitcoin decentralized trading or any options. Once it is been legal, there is no more discussion about it. Title: Re: Decentralized exchange? Post by: amacar2 on June 12, 2017, 11:40:13 AM I have once tried bitsquare but can't find much volume and enough buy/sell orders. You have to go through lots of steps there and also you have to download their software to even start a trading. They should make lots of improvement and as they don't have enough funds to make rapid development I don't think there will be enough marketing from their side to attract new traders to the platform.
Obviously decentralized exchange platform is needed but it should be quite user friendly and should attract lots of traders to have enough volume to work as alternative to major centralized platforms. Title: Re: Decentralized exchange? Post by: richardsNY on June 12, 2017, 05:02:26 PM Problem with decentralized exchanges is that coin to coin trades are fully decentralized, while if you want to incorporate fiat, you have to move out of the decentralized comfort zone. In case of people being only interested in Bitcoin, they just want to deal with BTC/$€£ and not with altcoins -- from there the market for these decentralized exchanges becomes significantly smaller. It's practically impossible to incorporate fiat and at the same time remain holding the status of being a fully decentralized exchange.
Title: Re: Decentralized exchange? Post by: Hazir on June 12, 2017, 09:00:35 PM If you are really looking for serious decentralized exchange then I suggest you may want to wait for NVO.
This Cross-platform Modular Decentralized Exchanges currently in ICO phase of development, we will need wait quite a bit before it will be publicly available though. Website and milestone list: https://nvo.io/#roadmap (https://nvo.io/#roadmap) |