As governments around the world force their money laundering paranoia onto bitcoin exchanges, alternatives are emerging for those that want to be truly decentralized.
Anonymous Bitcoin Transactions Surging
2019 was supposed to be the year of the DEX but in reality, very few decentralized exchanges have gained ground on their centralized cousins.
Localbitcoins has made buying and selling BTC easier for those in repressive nations with capital controls which is effectively large swathes of South America and Asia.
There are now decentralized exchanges that use anonymizing networks such as Tor to run bitcoin nodes. According to Trustnodes, a little known bitcoin exchange called Bisq is processing millions in BTC every week by doing just that. The vision section of the portal states;
“It often seems the dominance and vulnerability of centralized exchanges is the Achilles heel in the current Bitcoin ecosystem.”
The DEX uses a bitcoin node and desktop software rather than a centralized website to process as much as $8 million per…