RE: luke-stokes Just Became a Lifetime BitShares Member

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luke-stokes Just Became a Lifetime BitShares Member

in bitshares •  7 years ago  (edited)

I don't see how BitShares can be called a DEX when there is still a counterparty risk using OpenLedger?

It's not decentralised and DPoS as a consensus mechanism just copies the old political style voting system we have now.

IMO the only thing it has going for it is the amount of transactions it can handle but then a DB could do better.

bitshares
7 years ago by

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      ·  7 years ago 

    OpenLedger only deals with the OPEN.<etc> coins, right? I thought their balances could be confirmed on chain as well?

    But yes, I do agree a DEX where each coin involved your own private keys for the actual coin (not a derivative) would be preferred. The DEX part means individual actors on the blockchain use the blockchain protocol to transact between each other, without a central authority keeping track of the order book, etc.

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