{"id":2448,"date":"2020-10-21T17:12:00","date_gmt":"2020-10-21T17:12:00","guid":{"rendered":"https:\/\/afluxcoin.com\/12\/the-rise-of-dexes-challenge-the-status-of-digital-exchanges%e2%80%8a-%e2%80%8athe-capital\/"},"modified":"2020-10-21T17:12:00","modified_gmt":"2020-10-21T17:12:00","slug":"the-rise-of-dexes-challenge-the-status-of-digital-exchanges%e2%80%8a-%e2%80%8athe-capital","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/ru\/12\/the-rise-of-dexes-challenge-the-status-of-digital-exchanges%e2%80%8a-%e2%80%8athe-capital\/","title":{"rendered":"The Rise Of DEXes Challenge The Status Of Digital Exchanges\u200a\u2014\u200a(The Capital)"},"content":{"rendered":"<p>Digital exchanges like Binance and Coinbase, have long been the on-ramp to onboard newbies into the crypto space. It was the compliant way for customers to gain access to cryptocurrency in a safe and user-friendly environment. These digital exchanges served as the stepping stone for millions of users to purchase their first digital assets. Their success led to the availability of non-traditional financial instruments that allow customers to trade without any form of accreditation and with no restrictions.These digital exchanges are also highly centralized, in terms of operation and architecture. They require new customers to provide documents in compliance with laws required for KYC (Know Your Customer), AML (Anti-Money Laundering), and ATF (Anti-Terrorist Financing). This is counter to the philosophy of cryptocurrency and the blockchain, where decentralization is necessary to make the system a truly trustless and permissionless environment to facilitate direct peer-to-peer transactions. The blockchain, the underlying network used in most cryptocurrency, is designed for an independent system architecture that is decentralized.Unfortunately, digital exchanges can still block transactions and even reject applications from users who do not meet the requirements. They also function much like middlemen and collect high fees per transaction, which they can dictate. While cryptocurrency\u2019s roots are for financial inclusion, the digital exchanges are in line with traditional financial systems to meet regulatory compliance that meets the rules set forth by government agencies like the SEC (Securities And Exchange Commission) in the United States.The worst problem a centralized system can encounter is hacking incidents. A breach into the digital exchange system can wipe out digital wallets. There have already been several high profile incidents, most notably Mt. Gox and BitGrail. In 2019 alone, hacked exchanges lost $292 Million worth of cryptocurrency. Many customers, instead of withdrawing their digital assets to a personal wallet, keep their cryptocurrency\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>\u0426\u0438\u0444\u0440\u043e\u0432\u044b\u0435 \u0431\u0438\u0440\u0436\u0438, \u0442\u0430\u043a\u0438\u0435 \u043a\u0430\u043a Binance \u0438 Coinbase, \u0434\u043e\u043b\u0433\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0431\u044b\u043b\u0438 \u0441\u0440\u0435\u0434\u0441\u0442\u0432\u043e\u043c \u043f\u0440\u0438\u0432\u043b\u0435\u0447\u0435\u043d\u0438\u044f \u043d\u043e\u0432\u0438\u0447\u043a\u043e\u0432 \u0432 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u043d\u043e\u0435 \u043f\u0440\u043e\u0441\u0442\u0440\u0430\u043d\u0441\u0442\u0432\u043e. \u042d\u0442\u043e \u0431\u044b\u043b \u0443\u0434\u043e\u0431\u043d\u044b\u0439 \u0441\u043f\u043e\u0441\u043e\u0431 \u0434\u043b\u044f \u043a\u043b\u0438\u0435\u043d\u0442\u043e\u0432<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/2448"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/comments?post=2448"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/2448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media\/2449"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media?parent=2448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/categories?post=2448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/tags?post=2448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}