Newcomers to blockchain may notice the irony – in an industry obsessed with decentralization, some of the biggest startups are centralized, trusted institutions.
But while it's true today that single entities are most responsible for the operation of exchanges that allow traditional money to be traded for cryptocurrency, some of the industry's oldest startups are now showing an interest in migrating to a future more in line with the spirit of the technology.
Forcing this narrative is a new wave of decentralized cryptocurrency exchanges that exist almost entirely on a blockchain, and that can dispense with the need for a third-party intermediary.
"Decentralized exchanges are clearly the way of the future," said Hugh Madden, technical director for openANX, a decentralized exchange infrastructure protocol.
Read more here: http://www.coindesk.com/changing-exchanges-will-coinbase-tomorrow-decentralized/
I sure hope so!
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Is there an exchange that you would recommend? I hear that coinbase is good from a lot of people but recently people have been saying to stay away from it.
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