It’s an inherent feature of centralized exchanges to get attacked by either governments or hackers, I don’t think there is any sustainable solution to that, but Binance has successfully developed a DEX after lots of developments and experiments. After the recent incident, isn’t that a good incentive for Binance to focus more on the DEX and make it bigger by adding more trading pairs?


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Posted in Binance Reddit

4 Comments

  1. hhugh21 on 23. July 2019 at 23:16

    10 years from now when centralized exchanges are no longer necessary Binance will not be the leader in DEX volume.
    The Binance DEX (as architect) will be technically inferior to a handful of high quality projects about to come out of hiding in 2019. Keep an eye out for DEX projects that use threshold cryptography to guarantee transaction finality.

     


  2. symbiotic_bnb on 23. July 2019 at 23:16

    More trading pairs are being added. It requires consensus (voting), which is part of the nature of the decentralized exchange approach.

     


  3. irish_investor on 23. July 2019 at 23:16

    You realise a DEX can be hacked as easy as a CEX right?..

     


  4. perogies on 23. July 2019 at 23:16

    ‘Now that Binance is also not immune to threats’

    – It never was, no exchange is.