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Author Topic: Decentralised exchanges. Will they survive?  (Read 466 times)
DKREBEL86 (OP)
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November 30, 2018, 01:02:21 AM
 #1

I finally decided to create a discussion regarding the future of digital exchanges and I really need your help so I would love to hear your thoughts about it.

Do you think that the decentralised exchanges are going to survive or will be swamped by the non-decentralised exchanges? What's going to be the future of trading? Also, what's the meaning of decentralised exchange? Are they really fully decentralised?

It would be nice to make a list of the good one in order to help other people making a choice.
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November 30, 2018, 01:42:43 AM
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At present it is said that decentralized exchange is the future of exchange, but now I feel they are not perfect enough, they are too difficult to use with new people, features are not friendly, will lose. a long time to use them widely.

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DKREBEL86 (OP)
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November 30, 2018, 01:47:20 AM
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At present it is said that decentralized exchange is the future of exchange, but now I feel they are not perfect enough, they are too difficult to use with new people, features are not friendly, will lose. a long time to use them widely.

So you're saying that the UX is crucial and I do agree on that. But I do believe that's a problem that can be reduced.

What's the best exchange according to your vision?
WalkerIVIV
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November 30, 2018, 02:13:40 AM
 #4

I finally decided to create a discussion regarding the future of digital exchanges and I really need your help so I would love to hear your thoughts about it.

Do you think that the decentralised exchanges are going to survive or will be swamped by the non-decentralised exchanges? What's going to be the future of trading? Also, what's the meaning of decentralised exchange? Are they really fully decentralised?

It would be nice to make a list of the good one in order to help other people making a choice.
It will still survive. The decentralized exchange means the system build on the decentralized platform to prevent the possibility of its system getting hacked easily. Some of dex are fully decentralized. Even SEC has nothing to do with them as long as they have been running on the friendly country for crypto and they are all will be fine.

DKREBEL86 (OP)
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November 30, 2018, 02:14:51 AM
 #5

I finally decided to create a discussion regarding the future of digital exchanges and I really need your help so I would love to hear your thoughts about it.

Do you think that the decentralised exchanges are going to survive or will be swamped by the non-decentralised exchanges? What's going to be the future of trading? Also, what's the meaning of decentralised exchange? Are they really fully decentralised?

It would be nice to make a list of the good one in order to help other people making a choice.
It will still survive. The decentralized exchange means the system build on the decentralized platform to prevent the possibility of its system getting hacked easily. Some of dex are fully decentralized. Even SEC has nothing to do with them as long as they have been running on the friendly country for crypto and they are all will be fine.

Cool, which one would you suggest?
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November 30, 2018, 02:18:24 AM
 #6

I'm confident it will survive. I mean, why would we put a stop to something potentially beneficial to us? The efficiency, transparency and convenience it can provide will serve as the best financial instrument we could ever use. The options for exchanges today seem exciting to me too. If you do your research, there are a lot of new cryptos now exhibiting unique features. For example, I’ve been reading up about Virie. According to its whitepaper, it’s a virtual marketplace with an easy-to-use cryptocurrency feature. I think it gives us a glimpse of what going cashless would be like --or as others put it, our future virtual economy. Looks very promising.
https://www.decentpropaganda.com/virternitys-distributed-exchange-network-could-put-crypto-exchanges-out-of-business/

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November 30, 2018, 02:32:18 AM
 #7

I really like decentralised exchanges but to survive long term there are a number of problems that they need to overcome.

(1) They need a more user friendly experience for people trading on them.

(2) Since they work by using smart contract to perform the execution they are speed limited and can only transact as quickly as the underlying blockchain.

(3) The SEC's recent charges against the former owner of EtherDelta shows that they are likely to have regulatory trouble if they don't find a way to conform to KYC/AML or at the least find a way to exclude Americans from using them.

DKREBEL86 (OP)
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November 30, 2018, 01:31:51 PM
 #8

So what would be the best decentralised exchange you would recommend, guys?
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November 30, 2018, 03:05:30 PM
 #9

I finally decided to create a discussion regarding the future of digital exchanges and I really need your help so I would love to hear your thoughts about it.

Do you think that the decentralised exchanges are going to survive or will be swamped by the non-decentralised exchanges? What's going to be the future of trading? Also, what's the meaning of decentralised exchange? Are they really fully decentralised?

It would be nice to make a list of the good one in order to help other people making a choice.


Only decentralized crypto-exchanges will survive in the future and will be in demand.  I do not want to go through KYC and leave my data in the centralized crypto-exchange, and many people, too.
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November 30, 2018, 03:08:39 PM
 #10

of course they will survive. in the future, they will be the main focus on the cryptocurrency market

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November 30, 2018, 03:15:22 PM
 #11

I finally decided to create a discussion regarding the future of digital exchanges and I really need your help so I would love to hear your thoughts about it.

Do you think that the decentralised exchanges are going to survive or will be swamped by the non-decentralised exchanges? What's going to be the future of trading? Also, what's the meaning of decentralised exchange? Are they really fully decentralised?

It would be nice to make a list of the good one in order to help other people making a choice.
I think there are no future in decentralized exchange and i am feel worried to deposit here. Because recently claiming SEC regarding in IDEX exchange. Absolutely idex is still very popular exchange and trusted but i don't what is the further update in SEC.
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November 30, 2018, 03:21:07 PM
 #12

if we look at the level of security, maybe the market decentralization is safer than the market type of centralization.

but sometimes the decentralization market is more difficult to access. need a good internet connection so that we are heavy when accessed. in contrast to market centralization there are many advantages that we can get from this type of market. start supporting mobile applications and support teams that work 24/7

but there are many hacking cases in the market centralization so I think this type of market is not safe.

if asked whether the decentralized market can survive in the future? in my opinion, it depends on the investors, the more altcoins made using smartcotrac, the greater the possibility that investors will use the decentralized market.
IgorShumilo
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November 30, 2018, 04:36:42 PM
 #13

I think you just need to make a decentralized exchange, where no one will know the members of the project team. Then there will not be any problems with regulatory authorities. Also, it will not be necessary to implement the KUS / AML procedure, and this is very important for decentralized exchange. How do you like my thought? I would be happy if we discuss this.
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November 30, 2018, 04:42:52 PM
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 #14

I finally decided to create a discussion regarding the future of digital exchanges and I really need your help so I would love to hear your thoughts about it.

Do you think that the decentralised exchanges are going to survive or will be swamped by the non-decentralised exchanges? What's going to be the future of trading? Also, what's the meaning of decentralised exchange? Are they really fully decentralised?

It would be nice to make a list of the good one in order to help other people making a choice.
it is nice to stay in the shadow when you don't want your name to be seen while doing some financial activities. but since our world is not a holy land full of innocent minds, we can agree here it might be sensible to have some publicity

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November 30, 2018, 05:01:31 PM
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Yes decentralize exchanges will survive because it is designed for the crypto currencies so due to this if we know that crypto is the neat future currency and if we keep it with us it will make us very rich in future but we don't know the actual value of crypto and it is profitable if you have crypto in these days because speculations in crypto is very high so it is also important for crypto trading through crypto exchanges.

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November 30, 2018, 05:21:06 PM
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I really like decentralised exchanges but to survive long term there are a number of problems that they need to overcome.

(1) They need a more user friendly experience for people trading on them.

(2) Since they work by using smart contract to perform the execution they are speed limited and can only transact as quickly as the underlying blockchain.

(3) The SEC's recent charges against the former owner of EtherDelta shows that they are likely to have regulatory trouble if they don't find a way to conform to KYC/AML or at the least find a way to exclude Americans from using them.

This is very true.
Decentralized exchange runs on smart contract and right now most of them have a problem with their scalability, the average transaction that they can do is around 20 transaction per second or even less than that which will cause a lot of bug or spike when peoples are using it.
about SEC, they are giving us 2 options which are :
Licensing the exchange or fully implemented KYC/AML.
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November 30, 2018, 05:43:33 PM
 #17

If crypto will be able to survive which it will then decentralized exchanges will also survive, there are already some good decentralized exchanges working really well, i personally use forkdelta and idex mostly and i find them smooth and nice also there are many new decentralized exchanges under development, so good times ahead.

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November 30, 2018, 05:49:27 PM
 #18

I hope Binance will launch their DEX in early 2019 based on own new blockchain and it will have the same good interface and fast speed work. There is no new listings now but DEX will improve that and many new promising coins/tokens will be listed on that DEX with good liquidity.
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November 30, 2018, 06:02:44 PM
 #19

yes they will all survive. Decentralized exchanges are currently one of the best exchanges because traders get to get 100% control over their digital assets. You can decide to deposit or withdraw your asset at any time you wish to
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December 01, 2018, 11:11:21 AM
 #20

I like to use decentralized exchanges because it's so easy to move or create transaction without any KYC. The only problem is the liquidity. If more traders will use dex then they will survive for sure.

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