Why use a Decentralized Exchange (DEX)?

From our point of view using a Decentralized Exchange is something to take into account, not only with what has happened with FTX but there are also many cases of scam or bankruptcy of Centralized Exchanges and a very common case is simply that we are not the owners of our keys and that is something we should take into account, when we want to be the owners of our cryptocurrencies we should also be the owners of our keys and that is something you should take into account, today I simply want to make a call to all the community to explain why these things happen with our cryptocurrencies and from my point of view it is a great thing to have a previous knowledge of the subject for the simple reason that we can be a little bit affected if we save our cryptocurrencies in a Centralized Exchange, for example Binance is the best Exchange in the world, but it is a Centralized Exchange and this is where the problem is, if Binance decides to close its doors and services we are all really in trouble because of this.

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Let's take Hive as an example, I really like to invest money here because $HIVE is simply a very strong cryptocurrency, as strong as Bitcoin and that's great, if Bitcoin goes to zero, then $HIVE will too.

But I really love to invest in Hive because it is something decentralized and we can see that there are many users investing, creating content and above all we have witness nodes in constant operation and that is something really nice and this is where I want to mention something very important, when we use a Decentralized Exchange we can be safer as long as there are many users in the Blockchain contributing value, that is, if there are many users contributing value, investing, creating content, also if there are many witness nodes, validator nodes, all this is what makes the Blockchain to keep working, to explain better I want to mention that we can simply be calmer if we save our cryptocurrencies in a decentralized wallet and especially in Hive, in this blockchain there are simply many people contributing value every day and many decentralized web servers that maintain the ecosystem of dapps, that is, if this is maintained in this way possibly our cryptocurrencies are safe and that's what I like about decentralization.

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When something is centralized we are simply at the disposal of the company or the user who has the system, that is, when we use Binance we are connecting our PC to their web servers, when Binance decides to close its doors we are simply going to be in trouble and this does not happen in the Decentralized Exchange where users are owners of the entire ecosystem, they simply do not own anything, but they are responsible for everything to stop working, that is to say, if all the witness nodes in Hive shut down, possibly the services in Hive will also go down, something that will not really happen for a long time or maybe never.

Thank You.

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