One of the fundamental reasons many of us invest in cryptocurrencies is that blockchain technology cuts out the middleman. So isn't it ironic how much we rely on central exchanges for trading and investing?
What if I told you that you and I can be the owners of an exchange?
In 2017 'The Blocknet' announced the first decentralized exchange (BlockDX). An exchange that allows the people to trade (NOT SWAP!) completely decentralized. With 100% of the trading fees going back to the people, instead of some CEO's pocket. With much better security against hackers and no opportunities for 'FTX-like malpractices'. We could even stop with the weekly "Don't leave your funds on a CEX" post on this sub!
DEXs like BlockDX are fully functional in 2023. So why aren't we seeing a transition to these exchanges? Where is the crux? I am not saying it should necessarily be BlockDX, there are more decentralized exchanges like BlockDX. Just using it as an example. Would love to hear your thoughts!
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