Decentralized crypto exchange

Decentralized Exchanges

 
What is it

A decentralized crypto exchange (DEX) is a blockchain-based marketplace that coordinates crypto transactions between traders (buyers and sellers).

 
Problem

Everybody hates banks.

Not really, but you get the point.

• The idea of centralizationrefers to using a middle man or third party to assist in conducting transactions. Buyers and sellers alike trust this middle man to handle their assets. (the same as a bank setup, where a customer depends on the bank to hold their money).
• Centralized exchanges are managed by companies that are responsible for the holdings of their clients.
• Centralized trading platforms have enormous security threats.

 
Συνέχεια εδώ

Πηγή: thecryptojournal.substack.com