Where there’s people, there’s problems. Wouldn’t the world be much better if everything was conducted over the blockchain? Your accounts, your trading activities, your shopping, your gaming, your haircuts? Maybe not that, but there is a lot to be said for a self-governing, trustless environment for Decentralized Finance.
For one, everything is conducted under a veil of absolute privacy, for two there’s no room for human error and for three, on the blockchain, security is all but guaranteed.
CEX vs. DEX
Compare CEXs (Centralized Exchanges) to DEXs (Decentralized Exchanges) or those that work over the blockchain, if you will. Think about the example of Robinhood, one of the most popular trading platforms for retail traders, and how when the price of Bitcoin or its allies are shooting up, Bitcoin is suddenly unavailable for trading on Robinhood. This is a notable example that has led to over 90 rather serious court cases.
Think now about Binance. Binance is large. It is a leading
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