Tip: The chain solutions cannot compete with the engines in the middle. DEX is currently not suitable for traders.

2020-8-15 22:56
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According to Cointelegraph, Matthew Finestone, business development manager at Loopring, the decentralized exchange, said the DeFi Automated Market Maker (AMM) protocol is ideal for commercial products for start-up traction. However, decentralized exchanges (DEX) now present many issues that can limit the size of this market. While some issues can be addressed with better chain integration, Bitfinex CTO Paolo Ardoino said the chain solution will not be able to compete with internal root competition. Explaining why, Ardoino added that the problem with solving chains is "just the speed of light". If nodes around the world are to be trusted on a block, no performance improvement can be made on the network, for example by sharing the business infrastructure in a clearinghouse data center. These performance restrictions can affect trading investors, especially active traders. Dan Matuszewski, former Head of Marketing at Circle, said DEX is no longer suitable for professional traders. “It's for small businesses,” he said.

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Tip: Using cryptocurrencies in Belarus in response to financial sanctions is not a good option.
The use of cryptocurrencies by the Belarusian government to refer to financial sanctions that the European Union and Washington could impose on Minsk might not be a good option, according to an analysis by the Russian news agency RBC, citing the Cointelegraph. In this article, Valery Petrov, vice president of industrial development and management of the Russian Crypto Industry Association and the Blockchain Association, called the use of crypto a "real option. "to escape sanctions. However, he explained that he was able "to prove that he did not violate internal and external laws". Valery Petrov, citing Venezuela and Iran as examples, said the use of cryptocurrencies to counter economic turmoil or the adoption of sanctions proves that cryptocurrencies are simply a “break” solution.
2020-8-15 22:18