Perhaps the fix for the many challenges people face when trading cryptocurrencies isn’t decentralized exchanges (DEXs). Although there are some die-hard believers out there, the fact of the matter is, DEXs aren’t yet sufficiently developed in a way to encourage mass adoption (e.g. mining is too slow, there are liquidity challenges, trading is manual, single orders can be expensive, front-running is a problem, etc…)
So then, why not explore ways to make centralized exchanges better? We’ve identified three areas that we believe need improvement:
1. Lack of accountability. 2. Poor UX 3. Hidden fees.
Here’s one solution under development: A centralized cryptocurrency wallet & exchange that allows account-optional trading and adds Proof-of-Integrity to the trading process, through Personal Blockchains, to ensure transparency in any transaction -- all in an intuitive and conversational user interface designed with the customer in mind. Add to that full transparency on fees, and there’s a compelling case to switch platforms today.
Personal Blockchains could bring the
speed and privacy of centralized systems with the fairness of decentralized processes.Here’s a 1-minute primer on this upcoming exchange:
https://www.youtube.com/watch?v=3VpxVTJVFBELearn More:
https://welcome.symetria.io/What are some of the challenges you have faced when using centralized exchanges?
