Crypto-finance: Exchanges & DExs at the Ethereum Meetup 2018 | Summary and Q&A
TL;DR
The panel discusses the role of decentralized exchanges in the cryptocurrency ecosystem and highlights the challenges and opportunities they face.
Key Insights
- π Decentralized exchanges aim to reduce frictions in payments and make them more accessible.
- π¨βπΌ Educating businesses and regulators about decentralized exchanges is an ongoing challenge.
- π± Centralized exchanges can specialize in connecting the fiat and crypto worlds, while decentralized exchanges focus on trading between cryptocurrencies.
- 𧑠Plasma, as a scaling solution, has the potential to revolutionize Ethereum and enable a wide range of applications.
Transcript
okay oh thank you so the program has changed a little this morning and then we'd like I like to make it said it's just open that's possible and so first please introduce yourself and your organization or company and then also probably the region know your project yes hi everyone my name is Fanta I'm the managing director of a Mesa CO and our goal i... Read More
Questions & Answers
Q: How does a decentralized exchange contribute to reducing frictions in payments?
A decentralized exchange, like the one built by Mesa CO, allows for peer-to-peer payment services, providing more accessibility and reducing the need for intermediaries.
Q: What are the challenges in educating large conglomerates about decentralized exchanges?
Educating businesses about decentralized exchanges requires understanding their unique needs and supply chain. It is an ongoing process that involves establishing a common vocabulary and mindset.
Q: Can centralized and decentralized exchanges work together in the crypto ecosystem?
The panel agrees that there is room for cooperation between centralized and decentralized exchanges. Centralized exchanges can specialize in bridging the gap between fiat and crypto, while decentralized exchanges focus on trading between various cryptocurrencies.
Q: What are the future plans for Plasma, a scaling solution for Ethereum?
The panel discusses the need for further security audits of Plasma implementations. Additionally, they highlight the support for ERC-20 and other assets, the integration of custody services, and the potential expansion into traditional equities markets.
Summary & Key Takeaways
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Fanta, from Mesa CO, explains how their open source decentralized exchange aims to reduce frictions in payments and improve accessibility for all.
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Vitalik, the Creator of Ethereum, emphasizes the importance of decentralized exchanges to create a seamless public utility for token conversion.
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Austin, CTO of Coinbase, discusses the importance of bridging the gap between the fiat and crypto worlds while recognizing the need for centralized components in the current ecosystem.