Why Avici?
Bitcoin was created in 2008, when people where getting screwed by the Big banks. Its genesis block on January 3 2009 contained the text " Chancellor on the Brink of Second Bailout for Banks"
Bitcoin's main purpose was to build a peer-peer cash system & eliminate the need for a central bank. At the time of this writing, Its Jan 1st 2024 and Centralised exchanges lead the way for crypto adoption. Centralised exchanges controls your keys & hence control your funds, exactly like a bank, everything bitcoin stands against.
Centralized Exchanges (CEXs): The total trading volume (including both spot and derivatives) for the top 10 centralised exchanges reached approximately $40.867 trillion in 2022.
Decentralised Exchanges (DEXs): Decentralised exchanges executed a total trading volume of $854 billion in 2022, with the volume coming from 5,687,713 unique trading addresses
So, Centralised exchange volume was almost 47x or 4,785.36% more than Decentralised exchanges.
Why is that?
Centralised exchanges are very easy to use, supports multiples networks, are complaint (in some countries)
Decentralised exchanges expect people to setup and manage their own keys with seed phrase, figure out what gas is and pay network fees, doesn't support all networks, tokens & moving between networks (bridging) is very technical.
Avici main purpose is to eliminate the need for a centralised exchanges while solving for User experience, Compliance & privacy.
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