Since Satoshi Nakamoto invented Bitcoin, this decentralized virtual currency has quickly become popular around the world. What problem did it solve? It does not require any middleman guarantee (such as Alipay, banks, etc.), and allows peer-to-peer transactions. Transactions are on the chain, which is provable, viewable, and clear at a glance, and always there.
But in the blink of an eye, more than a decade has passed, and the cryptocurrency world has undergone tremendous changes. However, I feel that it is far from being complete.
From the collapse of Luna to the fall of FTX, we seem to have realized a problem, that is, it seems that there are still some problems that have not been solved, and the exchange seems to still guarantee the traditional type. Then you will definitely say, there is DEX, which is a decentralized exchange. Yes, the invention of DEX is indeed the Genesis, but in the past few years, has there been any substantial change? It is still just a place to exchange coins, and everyone still comes to the centralized exchange to operate everything. To put it bluntly, the first is that the technology is immature, no suitable innovation has been found, and the functions are still limited to the old DeFi, which is far from being as easy to use as CEX. And there are clips and various problems. When you exchange coins, you see that 1U can be exchanged for 10 coins. After the exchange, you see that 9.5 coins are still without clips. With clips, you may not even get 5 coins. So most people would rather come to CEX than DEX. Why? It feels like there is a black box, which is somewhat random, too uncertain, and is also clipped. Not to mention going to DEX to play contracts, issue coins, manage finances and large transactions. I dare not, once you interact with smart contracts, your coins may be gone. Therefore, traditional dex still has many shortcomings.