Brief AWS Outage Highlights Key Weaknesses of Some South Korean Crypto Exchanges-3.26

Centralization in the cryptocurrency has been an ongoing struggle over the past few years. This issue has become apparent in the mining department, but also on the exchange side of things. A recent brief AWS outage in South Korea caused major problems for a lot of domestic trading platforms. That is surprising, but also extremely worrisome.

Buying and selling cryptocurrencies can be done in many different ways. Although centralized exchanges are still the most common first and foremost, there is a growing interest in alternative solutions. Peer-to-peer trading, OTC buying, and decentralized exchanges are all becoming a lot more apparent over the past year and a half. There are also the atomic swap developments worth keeping an eye on in the future.

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