Thanks to Steemit, we can now achieve financial freedom with no interference. Throughout I've tried to keep it as simple as possible. I hope you will enjoy it! 

Decentralization Benefits

 A decentralized exchange is an exchange that has no single point of  failure, such as an institution, a person or a server that is in control  and running it. With a decentralized exchange there is no need to trust  any single authority – it is a trustless service. This also creates a  number of benefits beyond this decentralization. I highlight three here: 

1. Global, Fast, 24/7, Efficient

 A decentralized exchange is global service without borders that is  available to any member of the free internet. Servers running at every  corner of the globe at all times of the day ensure transactions and  settlement within seconds. With no need for a brick and mortar  institutions, the cost of transactions can be 10x, 100x or even 1000x  less than what they are with the traditional system. 

2. Open and Transparent

 All transactions occurring on the network and all code that is used  for running the network is open source and the live software is open to  anyone anywhere to inspect, copy and improve upon. 

3. Incorruptibly Secure

 The intermediaries in the traditional financial system are  centralized institutions that can be corrupted, coerced, hacked or  robbed. With such centralized systems, single points of failure can be  catastrophic. With a decentralized exchange everyone keeps control of  their own keys to their own funds. 

Why is it Important?

 Decentralized exchanges are important because they are trustless,  global, fast, 24/7 and transparent. As the software develops it will  become more user friendly and offer innovative services that are hard to  imagine at this stage. With both Bitcoin and decentralized exchanges,  the “internet of money” is fast becoming a reality that will  significantly shape our future. Beyond these simple benefits, a decentralized exchange is important for deeper reasons as well. I highlight four reasons here: 

1. No more identity theft

 In the traditional system we give out our identity, credit card  information and even our passwords and keys to everyone we do business  with. Through the power of cryptography this is no longer necessary, as  everyone can keep their information, identity and keys secure while  proving that they have the right credentials. 

2. No more banking cartels

 Everything is now in the open for everyone to see, and there is no  need for large institutions to keep things private. The power of this  technology allows everything to be out in the open without compromising  security. In the traditional system large institutions could use  security as an argument to keep all their information, as well as all  your information, privately locked up and backed by their authority. 

3. Freedom for the unbanked

 There is no reason any longer to prevent the poor and unbanked from  participating in the global economy. Their corrupt regimes and our  capitalist-minded financial services no longer need to play an important  part in their freedoms. With decentralized exchanges anyone can store  and transfer wealth to anyone, anywhere in the world, at almost no cost. 

4. Boundless innovation

With collaborative services like Wikipedia we have seen an explosion of  information on topics of all kinds. Wikipedia is many times the size of  even the best lexicons. In the new digital age, we need not only to  bring money to the internet, but to bring the innovative power of the  internet to the services that money can provide: smart contracts,  micropayments, and in short “programmable money” will unleash the  exponential growth of information-technology into the realm of global,  financial services.

Conclusion

Decentralized exchanges are the key to global, frictionless  value-transfers. Without decentralized exchanges, there will always be  intermediaries having control over the flow of value, causing  inefficiencies and worse.