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A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way on a distributed ledger. One of the first DEX’s was launched in 2014 by the team behind the NXT cryptocurrency. Since then, a multitude of decentralized exchanges have launched but they are still very much in their early stages.
Unlike centralized exchanges (CEX), which operate from centralized servers and are controlled by a central authority, DEX’s operate on a blockchain and enable peer-to-peer trading of cryptocurrencies. This is the primary difference between centralized and decentralized exchanges, but there are also many more:
Anonymity: Decentralized exchanges grant their users full anonymity, while centralized exchanges generally need to comply with KYC (know your customer) and AML (anti-money laundering) laws.
Control of Funds: At centralized exchanges, users must trust their money to a third party. Their crypto funds are held by the centralized exchange, not the user. With decentralized exchanges, the user controls their funds as they make transactions directly from their personal wallets.
Hacks & Server Downtime: Centralized exchanges can be hacked and have downtime because they have central points of failure for hackers to target. Decentralized exchanges are impossible to hack because all participants are servers and if someone is hacked, the DEX will not notice and continue running.
Open Source: A true decentralized exchange is completely open source so that anyone can open its code and see the algorithms and technologies it uses. With centralized exchanges, everything is privately owned and the user cannot identify what algorithms are being ran or technologies being used.
22 May 2022 4 minute read 3 comments Notum DeFi App
About Solana Solana is one of the most successful projects released in recent years. In just two years of existence, Solana has managed to attract hundreds of developers and become a native platform for many successful DeFi, NFTs, Web3, and Lending p...
20 May 2022 3 minute read 2 comments TheNiftyRevolution
Ever tried doing some crypto-related DYOR (do your own research)and found yourself overwhelmed by so much info and rankings? Let’s make it easier and do away with complicated descriptions and the likes. While doing my own research as a beginner, I...
19 May 2022 4 minute read 0 comments Moses On-Chain
Almost all layer-1 blockchains have a DeFi component to them. After all, DeFi applications are one of the largest drivers of crypto and DLT adoption worldwide. In addition, there’s a ton of value to be exchanged and earned in DeFi. According to DeFi...
18 May 2022 2 minute read 0 comments Crypto.Kacar
Almost one month after successfully launching our Token, we are happy to announce that our Swap platform is almost finished. In this post we are going to explain how will it work and which features it brings. What is DEX? From the early days of Bit...
18 May 2022 1 minute read 0 comments ShadowCrypto
BiSwap - Mega Anniversary Event and you win BSW! 300000 BSW will be distributed, join it now! First of all, join Biswap Here: https://biswap.org?ref=4b4acf382949064f15bd Make a Swap at No Cost - The BEST Dex on BNB CHAIN Fee reimbursement of up t...
17 May 2022 2 minute read 0 comments Equilibrium
We proudly announce the launch of our orderbook DEX! This is the premiere orderbook-based decentralized exchange (DEX) launched on the Dotsama ecosystem. What to look for The launch of the new orderbook DEX includes advanced features catered specific...
15 May 2022 2 minute read 0 comments ShadowCrypto
Are you a Pancake swap user? Why not try out BiSwap? https://biswap.org Biswap Is a better Dex, with dozens of nice features, and there is one that I love, every time I make a swap I earn crypto, and this is how it works:Every Time you make a swap...
15 May 2022 2 minute read 0 comments Patch
Yet another setback is suffered for Coinbase. This now pertains to their recently opened Exchange in India. A country with a very tumultive past regarding crypto, to say the least. There have been a lot of negative stories doing the rounds in the med...
13 May 2022 5 minute read 0 comments ShadowCrypto
LUNA price goes to zero and Terra turns off cryptocurrency blockchain Sign Up to Bybit and earn 30$ In crypto(new Users): https://www.bybit.com Token has entered a death spiral after stablecoin UST, also native to the Terra ecosystem, lost pari...
11 May 2022 1 minute read 0 comments Patch
As Coinbase presents a Q1 rapport with numbers far below what was expected they see their stock fall 25%. Coinbase is also reporting that the trading volume projected for Q2 is expected to be even lower then for Q1. This is probably an attempt from t...
