Bitcoin Forum
September 25, 2018, 12:24:10 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: CENTRALIZED EXCHANGES VS DECENTRALIZED EXCHANGES for BITCOIN - A MIDDLE-GROUND?  (Read 22 times)
Symetria
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
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?
1537835050
Hero Member
*
Offline Offline

Posts: 1537835050

View Profile Personal Message (Offline)

Ignore
1537835050
Reply with quote  #2

1537835050
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537835050
Hero Member
*
Offline Offline

Posts: 1537835050

View Profile Personal Message (Offline)

Ignore
1537835050
Reply with quote  #2

1537835050
Report to moderator
1537835050
Hero Member
*
Offline Offline

Posts: 1537835050

View Profile Personal Message (Offline)

Ignore
1537835050
Reply with quote  #2

1537835050
Report to moderator
1537835050
Hero Member
*
Offline Offline

Posts: 1537835050

View Profile Personal Message (Offline)

Ignore
1537835050
Reply with quote  #2

1537835050
Report to moderator
OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 1414
Merit: 1101


Hire BOUNTYPORTALS>Bounty management goo.gl/XKv9TK


View Profile
May 26, 2018, 08:04:25 AM
 #2

As far as I'm concerned, the safely and security of user funds comes first and that's not something centralized exchanges are providing.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!