Viewing a response to: @cryptonet/re-wans-blockchain-s-core-issue-decentralized-exchange-20170726t065850494z
Hi, crytponet How about looking this project ? https://cosmos.network/ They give me a hint and solution about decentralized exchange
| author | wans |
|---|---|
| permlink | re-cryptonet-re-wans-blockchain-s-core-issue-decentralized-exchange-20170726t070428552z |
| category | blockchain |
| json_metadata | {"tags":["blockchain"],"links":["https://cosmos.network/"],"app":"steemit/0.1"} |
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This is nice idea, creating a blockchain hub within blockchain to exchange crypto's without the need of an exchange. Well, there are numeous ideas like this earlier as well but all turned to dust . Why? Because people don't need them . They don't care about the hacking, they don't care about the exchange, they don't care about th crypto's. All they care is just a slight profit in their holding and they sold them off immediately. Most of the crypto trade do this thing. That's why crypto market is highly volatile. There are no other reason of being crypto market this much volatile. Everyday I hear about the hacking of some exchange yet people are not taking necessary steps to get over it. This is a great platform by the way - The Cosmo Token. I'd love to see it come into reality. I guess its pre sale would start on 5th august. Wish you luck if you're investing in it. I am looking forward to a lot more research about it.
| author | cryptonet |
|---|---|
| permlink | re-wans-re-cryptonet-re-wans-blockchain-s-core-issue-decentralized-exchange-20170726t071659294z |
| category | blockchain |
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Yep, people didn't care much about security of their fund. But I think this will change. Because The size of individuals' assets is growing. It is possible to store a little fund on centralized exchanges. But I can't store over 0.2~0.3M dollar on centralized exchanges. The larger the virtual money market, the greater the demand for secure, decentralized exchanges. Especially whales will want the most. :)
| author | wans |
|---|---|
| permlink | re-cryptonet-re-wans-re-cryptonet-re-wans-blockchain-s-core-issue-decentralized-exchange-20170727t142809968z |
| category | blockchain |
| json_metadata | {"tags":["blockchain"],"app":"steemit/0.1"} |
| created | 2017-07-27 14:28:06 |
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Yeah, no one wants to keep their million dollar crypto's on centralized exchange especially now when they hacker are determined to hack the most influential crypto exchanges in past few months. I am looking forward to the decentralized exchange but the concern I believe would really be the same. They would still get hacked like the centralized one's . Don't you think so ? It could only shift the people's focus not their fear of keeping money on exchanges.
| author | cryptonet |
|---|---|
| permlink | re-wans-re-cryptonet-re-wans-re-cryptonet-re-wans-blockchain-s-core-issue-decentralized-exchange-20170727t144041556z |
| category | blockchain |
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