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What are the challenges of implementing decentralized dispute resolution on blockchain-based exchanges?
I’ve been exploring decentralized exchanges, and one area that seems tricky is dispute resolution. In centralized exchanges, disputes can be handled by customer support or arbitration teams; however, on blockchain-based exchanges, the situation becomes more complicated.
Some challenges I see:
Smart Contract Limitations: Once executed, transactions are irreversible. How do you undo a fraudulent trade?
Governance Models: Should disputes be resolved via DAO voting, third-party arbitrators, or automated rules?
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Sent 78 days ago
by charlottejames