Waves News
failure that is repeatedly explored by hack-
ers and criminals. Luckily, the blockchain
world has evolved to a point where these
exchanges have been outgrown and to-
kens can be traded with no counterparty
risk.
Crypto Hacks
The recent update by the Waves team
comes at a time when problems caused
by centralized exchanges are becoming
more evident every day. From the infa-
mous Mt. Gox hack to the most recent Bit-
finex attack, exchanges have proven to be
This is exactly what the Waves DEX is, a de- a primary target for cyber-criminals. Even
centralized market where users can trade worse, centralized exchanges themselves
waves-based assets, including Waves, fiat may also be a threat to user’s held funds as
the recent BTC-e case has shown.
Overall, evolving decentralized exchang-
es like the Waves DEX can be the answer
to one of the main impediments to mass
adoption, the lack of security. To learn
more, visit the official announcement
made on Waves Blog mentioned at the be-
ginning of this article.
tokens and cryptocurrency tokens like
wBTC and wETH among others. Users can
trade with no counterparty risk as all oper-
ations take place on the Waves blockchain
itself, ensuring that absolutely no trust is
required.
40