The Future Success of Cryptocurrency Hinges on Embracing Decentralization


Future cryptocurrency trading platforms will look very different from what we are used to today. With atomic swaps and decentralized trading platforms becoming more commonplace, things will get pretty interesting in the future. Ripple co-founder Jed McCaleb is convinced that a decentralized network is the key to success for all cryptocurrencies. A New Era of Crypto Trading Even though centralized trading platforms provide a high degree of convenience when it comes to buying, selling, and trading cryptocurrencies, they are also a weak link. With their infrastructure issues and status as custodians of customer funds, it’s evident things need to change soon. Unfortunately, finding proper alternatives can be hit-and-miss. Luckily, we’ve seen some positive developments recently. Decentralized trading solutions are slowly gaining traction. The 0x protocol as well as barterDEX and other solutions are all becoming quite popular as of right now. There is still some concern over their liquidity, but it is evident there is a lot of room for improvement in this regard. If Ripple co-founder Jed McCaleb is to be believed, this shift to decentralized trading solutions is an absolute must. This does not just apply to trading, though, as he is confident in a decentralized network connecting the underlying cryptocurrency blockchains as well. As such, this new network should be capable of bringing some competition to Swift and PayPal, but without their centralized aspect. Building out this infrastructure in which anyone can participate is not easy by any means. Running network nodes in a decentralized manner has proven to be quite challenging…
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