For one, I am EXTREMELY surprised decentralized exchanges aren't more popular. I mean, WTF, with the negative history of centralized markets in mind and the fact that you run the risk of losing all your money on every centralized exchange you put money onto, what could possibly be more attractive than exchanges where you own your own keys? Why aren't they flourishing already?
Please someone explain
Decentralised exchanges can't handle as many transactions/second as centralised ones at the moment.
Here is the CEO of Binance explaining his view of the company. He ultimately would want to become a DEx but as of right now it is not possible to manage the kind of volumes Binance deals with daily.
Oh, I see! Darn it. Yeah, I imagined the problem was something like that. I'm not a programmer, neither am I up to speed about the technicalities behinds things like DEXs. I hope they solve it, and soon! Because we have the government climbing up our legs here.
Yes, but please take a look at RadarRelay. I discovered it recently and it's absolutely brilliant: the concept of "modular exchange". Basically, everybody holds crypto in their hardware wallet and only the order matching is done centrally; with many alternative matchers possible. Then the actual exchange happens wallet to wallet directly!!!
Interesting, I'll look at this exchange.
BitShare DEX can handle all Binance's volume and more without problems...