Decentralized exchange are all what you want? Telegram is building one for you
Centralized exchange has played a drawbacks game in Crypto space this year and this has resulted in many controversy that centralized exchange are bad eggs full of failure and mismanagement. However, people start realize how it's good to be decentralized and have over 50% control of their assets.
Decentralized exchange where users have more control than the developers, it good thing we all need right now to avoid craziness going on with centralization. They already betrayed the trust we had in them by allowing our funds to go out through the windows without proper auditing.
The FTX saga really put more attraction in the Crypto market and people are now demanding decentralized exchange is all what they want. Still on this, The founder and CEO of messaging app Telegram, Pavel Durov support of this, and in his recent post on his channel. The founder make announcement that the company is ready to setup a decentralized exchange (DEX) platform and non-custodian Crypto wallet
Pavel Durov draw attention of people back to the roots of Crypto that blockchain developer should put more focus on decentralized than centralization as centralization abuse the power given to them.
Durov, said the root of blockchain is built on decentralization, but why people forget about this and put blockchain in the hands of centralization that tend to abuse their power. He's right about this thou, because Crypto is decentralized in nature but it seems we are taking it away from its origin and giving it to a trustless centralization that rely on third party, they control all the keys alone. Well, the solution is clear in our hands, only if we go back to blockchain roots of decentralization is the way to fix the wrongs doing of centralization, which betrayed people's trust and put their assets at risk.
Thank you for your attention ๐๐
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