As we see from the comparison table above, choosing between CCEs and DCEs is not exactly cut and dry, as they both have their own advantages and disadvantages. While, these days, CCEs provide more functionality to their users, one must remember that the burgeoning cryptocurrency industry was born out of the emergence of blockchain (distributed ledger) technology.
The emergence of cryptocurrencies as a new form of money has had a massive impact on societies around the world. We have seen cryptocurrencies produce +10,000% returns over the last several years, and some continue their climb. Since governments do not centrally control cryptocurrencies, one of the most significant results of the blockchain craze has been the decentralization of money issuance. While blockchain tech does wonders for the worlds of business and governance, in terms of transparent recordkeeping, it is still up to exchanges and their users to protect valuable data and funds. At Hacken, we want to ensure the highest level of security and for all parties of good nature. Thus, we are not only providing excellent tools and services for securing blockchain and IT organizations, but we are also very excited to contribute our much-anticipated Crypto Exchange Ranks (CER) to the ever-evolving fintech industry.