The cryptocurrency market got DEXs, which stand for “decentralized exchanges,” in 2014. Users can trade a wide variety of assets through these exchanges.
Still, the first versions of these systems might not be accessible for people to use. But designers have worked hard to make them easier to use and simpler since they were first made.
On a decentralized exchange, users can trade with each other directly instead of going through a central platform. Smart contracts, which are used to carry out the orders that traders give, make this possible. When traders choose a decentralized exchange (DEX) instead of a centralized exchange (CEX), their money is not kept on the DEX.…Continue reading