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Hello friends,
How are you friends, hope all are well by the grace of Allah. I'm pretty good. Steemit platform is very important platform for us. Where we can share all our creativity. And in return, we can make regular income from here. And the Steemit platform has both good and bad aspects. Here are some things that are very important to us. I will try to highlight some of these topics. Things that may be useful to you. Today I will share with you a very important matter. Last episode I shared with you about the exchange. I will share a problem of the centralized exchange.
Currently, many of the central exchange sites are being used. And nowadays in the age of technology in today's world these types of accidents are much more popular. But there is also a weakness of the central physical exchange sites. And because of this weakness, users cannot rely on centralized exchange sites. And the main reason why there are so many central physical exchange sites is that those sites are taken over by the owner. And it is that if an organization controls its owner, then they can use all the data of that organization for their own purposes, even in their own way.
And the main thing is that the owners of most centralized exchange sites do this kind of work. And in the meantime, a site that happened recently highlights a much greater weakness. Because this event was much more tragic. Those of us who work with exchange sites must have known this. basically buying and selling. It means that a coin is sold from one group to another. In the case of this business, it appears that the buyers are not able to say who they are going to sell their tokens to.
Because they are a buyer and they themselves do not understand that they are actually going to sell or even buy their stores. The order is basically made here and the price list is given here. Through that price list, the owner of the exchange site buys and sells the tokens with a buy-sell order. But this is the main weakness of centralized exchange. Because when we want to buy a token, but on the contrary, what kind of token will we buy? In this case, those who are selling will not be able to know who they are actually buying that coin from. then it can be seen that those who buy and sell but want to get other currencies cannot be found.
Thanks everyone
