Thus the centralized Trading Platforms Continue to Manage the Majority Volumes, the Many decentralized Projects have been able to prosper in the paragraph The Last Months provide Greater Security to YOUR Users.
The use of centralized platforms involves risks
Probable is that the pirated centralized services are, and even more if they do not have adequate security systems. Even large Bithumb platforms from Como or Bitfinex are attacked regularly, and several banks are still victims of security breaches.
In December 2017, Bithumb - the Second Platform Mayor of South Korea Exchange crypto-loose coins, and that the Listed on the Stock Exchange - Container revealed for The Most Equivalent of $ 6 Billion Para: Digital assets Account for additional customers. Crypto-markets Valuation decreased by 50%, the site should now Container approximately equivalent to $ 3 billion of cryptocurrencies.
According to Bloomberg XAPO - service More wallet would not store cash- $ 10 Million in: digital assets in bunkers Miscellaneous.
The majority of the trading platforms or custody services store the assets. Most of the customers, in addition to cold wallets, portfolios that are not connected have Internet. However, it is impossible to maintain all the funds of these portfolios, provided that the time of processing requests withdrawal for its users large Too much sea.
Henri Arslanian, Director of Technology Related to Financing are the PricewaterhouseCoopers Regulation (PWC) Hong Kong - who recently invested in the Chinese blockchain VeChain Project - He said that the Many Crypto-Currency Merchants do not keep their portfolio Funds that they belong in. Usually, , CentraRSE Prefer in the COMFORT depend and the Trading Platforms for Asset additions Store.
However, these centralized exchange sites do not allow to benefit from excellent security: this storage mode induces risks, insofar as the private keys of the users' portfolios are owned and managed by the exchange platforms. In January, the Japanese Coincheck Stock Exchange was the victim of the largest "encryption hack" in history, being stolen from the equivalent of more than $ 500 million of XEM assets belonging to its customers.
The arrival of many decentralized exchange platforms
At the same time, many projects have been developed to offer decentralized exchange platforms, which offer users the opportunity to exchange digital assets without losing control of their funds. We can mention the arrival of platforms such as Kyber Network, 0x, AirSwap or Bancor.
But could these platforms in a few months take over their centralized counterparts? For Matthew Leising, a Bloomberg editorialist, opinions are divided:
"It depends on who you ask this question." Sam Tabar, strategist at AirSwap, which opened a decentralized platform last April, predicts that the main evolution of this year's cryptocoins will be related to the migration of operators to this new model. But other observers like Chia Hock Lai, the president of the Singapore Fintech Association, believe that this new type of exchange has particular problems, such as less user experience and less developed technical supports.
Keep in mind that some centralized exchange platforms are already turning to this new model. This is the case of Binance, which is working on the creation of a decentralized exchange designed to offer operators more security.
