Non Decentralized Cryptocurrency Market, often having lot of problems related to the security of the systems. Bitcoin and other cryptocurrency with the decentralization platform, be contrary to the existence of this third-party Bitcoin Market.
We can see it at the first MtGox tragedy, and several other cryptocurrency exchanges that followed because its security system vulnerabilities. Couple of hours ago, Bitfinex also encountered similar problems.
On its website, Bitfinex write about the truth that there has been a security breach in its system. The cryptocurrency exchanges, finally the moment to stop all trade, stop also all deposits and withdrawals in Bitfinex.
Cryptocurrency Market who act as intermediaries, it has a lot of help for cryptocurrency users during this time. But besides that, as well as a source of problems for users themselves. Using their services, meaning users also entrust their cryptocurrency ownership to such third parties.
Bitcoin should have provided many valuable lessons, why do we need to decentralization. "The Middle Man" are often the source of problems of its own, prone to fraud, system vulnerable, and easy to penetrate the attacker. However, this reality still seems to be a lot not understood by users cryptocurrency.
In the Bitcoin ecosystem of its own, has many Bitcoin exchanges and cryptocurrency decentralization. Call it Local Bitcoin, and Bitsquare. Both seek to restore the main function of decentralization cryptocurrency. To trade cryptocurrency with different needs that exist, there has also been an open market that was carried by OpenBazaar.
The pattern of market-based peer to peer cryptocurrency then began to bloom, and began emerging. Starting from Coiffeine, and also EtherEx. Of course, since all forms of decentralized market that do not will always face major problems, associated with a high risk to be borne by users if it turns out there are scams, as well as the risks if there had been an attack into the market system. With a market that is decentralized, users can reduce fraud to "zero". All Bitcoin exchange transactions and other cryptocurrency also able to walk straight.
Though many market cryptocurrency decentralized, but there are still many users are still quite dependent on non decentralized market. And it has become a sizeable dependency. While they realize that the chances of a breach will always be there and the chances are even greater.
It is true, that the existence of decentralized market is still not perfect. But with the existence of a decentralized market that has been duly deserves to be taken into account as the only alternative to get out and minimize the risk to be borne by the user.
