Why do they need decentralized (CO-DEX) exchanges?

It may well be because Bitcoin crossed above four digits this year again, or because the new Samsung S10 comes with a cryptocurrency built-in wallet. Regardless of why it was your interest, and how does one get this magic money from the Internet?
Many seem like the answer to centralized exchanges like Binance. It's just like signing up for an email account, and you will be able to buy other coins after you have found a way to buy BTC. Heck, some exchanges give a few extra steps to miss. Are you finished, right, add some 2FA?

Why change anything?

I had served on a previous exchange (I had begun another trip-more below), and I can say (if it wasn't evident), most of those organizations are power-bound, and they don't seem ideal to you, whether they are philanthropic or whatever niche (pro-regulation, etc.). Everything is a hardcore business. Binance is not interested in legitimate change projects. They're interested in volume. And it's not bad. It's not bad. Just take it straight away. Crypto has been packed with empty promises already. Avoid the bush dance.

Almost every platform from Mt. Gox to Binance had some malware and security breaches, ranging from users who lost their money to users who betrayed their identities. The truth is that the use of our precious cryptocurrencies will never take place without proper protective infrastructure. And remember, you don't remember your keys? Not your coins! Not your coins!

So what's left?

The initial idea was peer-to-peer cash, as described all those years ago in the Bitcoin Whitepaper. Everything from peer to peer. Cut the middle person out, and the world is better for him. Lose the legacy of finance and start transferring value directly from person to person. The cash pledge on the Internet can be a reality.

Would it be great if you are able, without signing up and taking a view of one of these things, to trade from wallet to wallet (a wallet represents an interface to the datasets that records and to sign up balance and transactions)? Well, if everyone doesn't make an attempt to build a bitcoin node, doesn't have to wait an hour or establish a network, it doesn't happen, and we have a platform that can meet our needs while we are doing this socio-economic experiment we call crypto.

The Decentralized Exchange is a forum for the exchange of such ideals. A short dex. It's a simple solution, which is simply a clever compromise between the parties' wallets. There is no need for anything else. Your ledger is all you need (or private keys, but be sure to keep an eye on it every time, anywhere.

It's nothing new in the world, but it doesn't mean that they're doing something bad because most people haven't heard of it.

What is the impact of open exchanges?

• The cash deficit: For many factors, a lot of dexes are not sufficiently high. The damage is mainly caused. More resources are used by centralized exchanges to attract users. Fewer users want the book to be completed by fewer buyers and sellers. We are speaking about hierarchical markets about thousands of dollars in size at dice versus billions a day.

• User experience is often bad: Binance DEX is also a joke and not a joke, for I advise a DEX company. In the trading of coins from various protocols, only Switcheo (which I like) has poo experience.

• Interoperability of Token: Atomic swaps are still complex, so it is quite hard to trade a symbol for another in real-time. With central exchanges maintaining their own ledger, you can easily exchange coins because you do not have them (not until you have them in your own wallet).

So far, I don't seem to be against them, but I decided to support Co-DEX as a start-up for there's a cause. Let's see what they can offer:

• All information is public because Dexes operates by smart contract and blockchain. It's enormous. You can see the quotes, even cancelations, and sell orders. But, if not done correctly, the delay could lead to gain for the front runner (this can be achieved at the EtherDelta network— having a gap between the orders and the actual transaction).). EtherDelta is not fast enough. Co-DEX is a side chain based on Tendermint and therefore has no laggard to target for the front-runners.

• Any fees for TRADING: No fees for trading. Only the fuel fee (transaction costs of messages to be sent in the blockchain) is paid. Revenue will be generated from sources other than traders such as IDOs, and the listing fee that projects pay for co-DEX listings.