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Title: Problems with DEXs are being solved by Bancor Post by: babayaga92 on October 12, 2018, 10:42:28 PM DEX DISADVANTAGES :
More difficult to use. -Bancor's UI is extremely user-friendly Low liquidity. Bancor's algorithm guarantees constant and automated liquidity Lack of regulation. - Welcome to blockchain More limited customer service (in most cases). - Bancor's TG channel is extremely active as well as /Bancor FIAT purchase will never be allowed -You can purchase ETH with a debit card Slow validation processes, since the transfers are hosted by the blockchain - All transactions/conversions take 1-2 minutes Title: Re: Problems with DEXs are being solved by Bancor Post by: batang_bitcoin on October 13, 2018, 01:49:31 AM So they just learned from these incidents?
The crypto world's latest hack sees Bancor lose $23.5M (https://techcrunch.com/2018/07/10/bancor-loses-23-5m/) Decentralized Crypto Exchange Bancor Hacked, $12M in Ether Stolen (https://www.ccn.com/decentralized-crypto-exchange-bancor-hacked-12m-in-ether-stolen/) More limited customer service (in most cases). - Bancor's TG channel is extremely active as well as /Bancor Its a telegram channel and they are just using a 3rd party not integrated to their system.Well, Bancor seems to become one of the next popular DEX despite of those events. Title: Re: Problems with DEXs are being solved by Bancor Post by: TycheChi on October 13, 2018, 06:27:32 AM DEX technology is still very new.
Cryptocurrency itself is still very much new and not yet perfected. DEXs are still far from decentralized. I don't have much confidence in any of them. Who do you sue if things go wrong ? Title: Re: Problems with DEXs are being solved by Bancor Post by: slaman29 on October 13, 2018, 07:43:21 AM So they just learned from these incidents? The crypto world's latest hack sees Bancor lose $23.5M (https://techcrunch.com/2018/07/10/bancor-loses-23-5m/) Decentralized Crypto Exchange Bancor Hacked, $12M in Ether Stolen (https://www.ccn.com/decentralized-crypto-exchange-bancor-hacked-12m-in-ether-stolen/) More limited customer service (in most cases). - Bancor's TG channel is extremely active as well as /Bancor Its a telegram channel and they are just using a 3rd party not integrated to their system.Well, Bancor seems to become one of the next popular DEX despite of those events. Haha, good points. Bancor doesn't solve all the problems, it does address some but you have to understand that all DEXs have their points of failure. Bancor, in fact, isn't completely centralized, but of course it is impossible to say that any DEX can truly be decentralized. You have to take the good points, accept some flaws, and go with it. But for me, centralization that means that decisions can be made without the agreement of users, that is unacceptable. Title: Re: Problems with DEXs are being solved by Bancor Post by: enhu on October 13, 2018, 08:00:06 AM Third party is a good start I can say I like bancor.
I don't know if its possible but if the DEX really want to solve issues, they strive hard to add tether. It will definitely attract more registration to them than on centralized exchanges. Until there is no stable coin on their listing their ain't much reason for users to register to them unless there are tokens that isn't yet listed on binance. Title: Re: Problems with DEXs are being solved by Bancor Post by: Mahanton on October 13, 2018, 05:14:18 PM Third party is a good start I can say I like bancor. DEX and centralized ones would really have that kind of gap or difference when it comes to features which we can see on other one but not on the other side.This is why they do create such exchangers to meet up users demands or needs when it comes to decentralization but same as mentioned above this isnt a perfect decentralization but somehow it can provide on whats being seek by others. Im both user of DEX and Centralized ones depending on my needs.I don't know if its possible but if the DEX really want to solve issues, they strive hard to add tether. It will definitely attract more registration to them than on centralized exchanges. Until there is no stable coin on their listing their ain't much reason for users to register to them unless there are tokens that isn't yet listed on binance. |