Bitcoin and its underlying technology, blockchain, have been going on for 12 years since 2008. These 12 years have had many dark moments, but they have also been filled with the dreams and hopes of countless people. As an indispensable and important link in the world of blockchain, digital currency exchange occupies unique resource advantages. It is the central hub linking project parties and investors, and plays an important role in promoting the development and evolution of the entire industry.
 
In June 2020, after several years of precipitation, Ryan R. Fox said at a DeFi Communication conference that "decentralization is still the mainstream. The goal of decentralized exchanges is not to replace them, but to coexist and complement each other. The real goal of the decentralized exchange is to give the power of exchange back to the community and promote the realization of "freedom of exchange," "he said, revealing plans to prepare the CokeSwap decentralized exchange.
 
Decentralized exchanges are essentially a set of open and transparent codes deployed based on blockchain. In general, once the code is deployed, everyone follows the code and no one can unilaterally change the rules. Project sponsors also do not need to manage and interfere, and if the market changes, the community generally vote to change the rules. Users do not need to register or pass kyc, but link their digital wallet to the exchange to complete the transaction. The whole process is open and transparent. After the transaction is completed, all transaction records can be checked on the blockchain.
 
In the growing digital domain, displacing centralized institutions is likely to be a slow and protracted battle. But in the end, there is no doubt that people will trust open, decentralized agreements more than closed, centralized banks. Decentralized exchanges are bound to become mainstream.