We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives.
24 Jan 2023, 08:00
We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives
There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets.
The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis.
The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back to the core tenets of crypto, such as decentralization, self-custody, transparency, and censorship resistance. People are naturally turning to DeFi (decentralized finance). Unfortunately, much of DeFi is not yet ready to act as a suitable substitute.