why there is so much fuss about decentralized exchanges

[wxa7115]

now decentralized exchanges are at the experimental stage and they constantly transform their code and become better, so that in the future they could not be hacked

If they are in the experimental stage, should we wait until everything is tried and tested or we should completely jump into these DEXs as they seems to be more promising than CEX?

That is up to you and what do you want out of a trading platform, if you want convenience then keep using centralized exchanges they are very good, fast, reliable and have huge volumes that allow you to exchange huge amount of coins with no problem, the problem is that you do not know when they could scam you and take your coins or revert a winning trade or ask for your personal information in order to verify who you are.

Decentralized exchanges still have a lot of issues to solve but the most important is the volume that is so low, and in many coins you only need a couple hundred dollars to crash or pump the market but if you are willing to accept those inconveniences then you can use them without any problem.

[xOdiumNostrumx]

Why the fuss? Security and anonymity, both huge factors in the crypto equation. That is why we should welcome this step towards DEX adoption and support projects like Nash and Resistance. It will be tough to migrate traffic from CEX-es, but its definitely worth the try.

[xenomorphe1]

I suppose that DEX exchange like IDEX can be hacked. As when you want to trade, you need to transfer the token or ETH at the IDEX trading wallet. The IDEX trading wallet can be stolen if there is an inside job.
I don't know if other DEX exchanges work the same as IDEX. If the exchange is made from one wallet to another wallet directly without a middle man, then it is safe. But if there is a middle man, it can potentially be hacked.
I suppose that there is always some kind of middle man as the exchange needs to take the trading fees and validate the transactions. But DEX exchanges need more liquidity and they are more complicate to use.

[South Park]

Personally I think it comes with the territory. Its like saying Bitcoin is better than fiat. Cryptos are decentralized and that's why we also promote decentralized exchange. It's funny though that the leading exchanges we have now are the centralized ones.

It is not really a surprise that centralized exchanges took over since developers had to struggle with the idea of how to create a decentralized exchange, while the road to create a centralized exchange has been explored and perfected long time ago, and those that took that route only needed to emulate what already existed in fiat exchanges while those that have created decentralized exchanges needed to develop new ideas and technologies.