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Author Topic: CENTRALIZED EXCHANGES VS DECENTRALIZED EXCHANGES for BITCOIN - A MIDDLE-GROUND?  (Read 23 times)
Symetria
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May 25, 2018, 11:25:08 PM
 #1

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=3VpxVTJVFBE

Learn More: https://welcome.symetria.io/

What are some of the challenges you have faced when using centralized exchanges?
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May 26, 2018, 08:04:25 AM
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As far as I'm concerned, the safely and security of user funds comes first and that's not something centralized exchanges are providing.

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