Using decentralized exchanges in a truly decentralized manner.
One of the innovations of cryptocurrencies is that you can use decentralized exchanges on virtual machine networks like ETH among many others but for the most part users have to interact with websites that can be taken down by governments and third parties trying to prevent regular citizens from having financial freedom besides the ones already granted and that could be taken away by your local government.
When money equals the ability to speak your mind money becomes a tool of freedom of speech because you are having your voice heard when you spend your money in the local business you want and support the causes you believe in. I am not here to judge your political opinion, I am here to tell you, that you have the right to support and speak your mind as long as your rights don't interfere with mine. Your rights end where mine starts that's my logic.
That being said when using decentralized exchanges is now more and more important to have a way to access that frontend in a very decentralized manner and nothing says more decentralized than to run that software from your local computer. If you access your DEX from your computer the only thing left will be to have your node and also run it from your local computer.
Yes, the Ethereum blockchain is big and will only get bigger but there are alternatives from other networks which are not that big and can be run from local computers and a little bit of know-how. Hard drives and computer hardware are getting cheaper year over year. You can have a 4TB SSD for $300.00 or less. I would say any EVM sidechain that is 1TB or less could be run from your regular computer.
Bitcoin is indeed very limited but that is why sidechains like RSK Rootstock are a most needed development because you could unload all of the pressure Bitcoin could get into secondary networks, and even if those networks grow the regular users will be able to run them because there is going to be one sidechain for each protocol you can think of. If you want privacy you will have a dedicated sidechain for it, if you want battle-tested smart contracts on long-running proven programming language like Solidity you will want another sidechain for it.
And even if only one sidechain ends up winning the fact that hardware is getting cheaper and cheaper it only means regular users will be able to run a big sidechain together with BTC node from regular computers. So I will invite you all to try to run your preferred decentralized exchange from your local computer. I can assure you it is easy and fun.
Bitcoin Cash has a bigger block than Bitcoin Core means eventually Bitcoin BCH could have a better network not just by development but by marketcap because big money players could realize that the BCH network is not centralized and that it can run on home computers hardware alone side with the other networks that BCH could have as sidechains. Yes, I got the inspiration for this article thanks to Kasumi and her decentralized exchange where she promotes the idea that people should run their frontend version of the MistSwap DEX. Kasumi, thank you for inspiring me. me.
