Bitfinex Building a Decentralized Exchange on the EOS Platform
I have known that EOS would be huge for quite some time, and my thoughts have been confirmed over and over.
The newest great news for holders of EOS is the fact that Bitfinex has now started building their own decentralized exchange on EOS.
Decentralized exchanges are the future because it will prevent lots of different bad things that could happen to centralized exchanges. First off, another BTC-e scenario will never happen again. The government can't kick in the door of a decentralized exchange unless they kick in millions of doors simultaneously, and we all that would be impossible. Since centralized exchanges store their coins on site, they are susceptible to being stolen or hacked even if the coins are offline.
Having coins distributed across the Blockchain will also stop unexpected natural disasters from destroying hardware wallets or computers where cryptos are normally stored. Your favorite centralized exchange could experience a fire, earthquake, or flood which would destroy the equipment coins are stored on, and that would essentially destroy the coins as well. A decentralized exchange will stop all of these types of unexpected risks.
Decentralized exchanges are the future in crypto. I think centralized exchanges will slowly but surely be targeted by governments and taken down.
Bitfinex is one of the biggest exchanges in the world, and the fact that they are using EOS to build their decentralized exchange says a lot. Most decentralized exchanges are very slow, and I am sure that is why EOS was used. Hopefully this will speed up the process because the transactions per second are one of EOS' strong points!
How do you think this news will play out? Tell me in the comments!
To the moon,
wonderful news @bwells . i like it. thanks for share Bitfinex Building a Decentralized Exchange on the EOS Platform post.
Thanks for Giving this amazing News sir important post
Well EOS to me is still an enigma. A lot of promise but nothing solid in layman terms yet. This could possibly be the first step. Imo, i dont think governments will hit the exchanges. Theyll just regulate them and leach of them. Eventually they will shut down due to being unneccesary. Decentrilized exchanges will take over eventually Eos or no Eos.
Looking forward to their launches in 2018. Will be interesting to see how they put the technology to work and the impact it will have to the overall market.
Another good news. I see better and greater things coming out for users of EOS everyday. Thanks for sharing this
very interesting post sir just amazing sir
@upvoted
Great news @bwells ! Thanks for sharing !!
It is one of addoption EOS platform in digital coins exchanger, in the future will many exchangers that addopt EOS platform because in the fundamental of aspects, EOS is good project in concept and experience in Dev team, let's wait to the june 2018.
Eos is now really turning the tables around huge platform it could be and seems like it will be a perfect start