The Crucible Of Privacy: Why Decentralized Exchange Is The Only Way
news.bitcoin.com on Decentralized Exchanges – Here’s the best tl;dr summary we could make:
Privacy is a human right but one that many centralized exchanges don’t appear to uphold.
Users are required to share personal data with the exchange and every time they complete a transaction the details of it are recorded.
The first-wave of decentralized exchanges, although not perfect, did provide a greater deal of privacy.
Decentralized exchanges tackle the key issues that afflict their centralized counterparts, but it would be wrong of me to claim they didn’t require improvement.
Firstly there’s liquidity. Users need to know that if they log on to an exchange with currency to buy or sell, there will always be someone at the other end prepared to trade with them.
Do you think first wave decentralized exchanges will help solve some of the problems of centralized exchanges? Is this the future of exchange technology in the crypto space?
Anthony Khamsei is CEO of Resistance, a privacy-focused decentralized exchange and blockchain.
Original news.bitcoin.com article reduced by 86%
Related story: The Crypto-Surveillance Capitalism Connection (coindesk.com)
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Summarised crypto news.