1,324 Articles 87 Followers
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.
8 Oct 2021 4 minute read 0 comments MintDice.com
The DEFI world is growing each and every day. This means that there are constantly new platforms being added to the space. With so many different exchanges and programs, it can be difficult to keep up with knowing which ones are the best. Curve.fi...
8 Oct 2021 1 minute read 4 comments Goodcrypto
We celebrate the first 24 hours of a real DeX in Algorand. Swap between ASA (Algorand Standard Assets) inmediatly thanks to the speed of the network, add liquidity to an existing pool or directly create a new pair. Algorand, Yieldly, Opulous, USDC or...
7 Oct 2021 1 minute read 0 comments FreedomBuilder
💎 KINE is already listed on coinMarketCap at Gate.io, OKEX, MXC, HBTC & HOO Exchange.https://coinmarketcap.com/fr/currencies/kine/markets 🎁 Total Reward: Receive up to 1 KINE ≈ $2.5 for completing simple social Media tasks.💸 Get 0.5 KINE ≈ $1.25...
1 Oct 2021 3 minute read 0 comments DailyCoin
Visit DailyCoin for more articles On September 29, 2021, ADAX.PRO team members CMO Dovydas and Lead Dev Architect Harold joined a Telegram AMA session to discuss their accomplishments and vision. During the hour-and-a-half-long session, more than...
30 Sep 2021 3 minute read 0 comments Austras
There are several thousand use cases and equally as many types of crypto on the market today. People often find few to support and help build a community around & hope to increase its value. Some tokens have managed to find success despite relatively...
30 Sep 2021 1 minute read 0 comments nulswap
Introduction Following our last article, we unveiled how Nulswap works and the mechanisms involved, in this article we will address the importance of $NSWAP and how both are interconnected. What is $NSWAP? We believe that all tokens must have involve...
26 Sep 2021 2 minute read 2 comments Lightseeker1512
In my experience every native token of a decent DEX is doing well. After their launch the price usually skyrockets. We've seen this with Pancakeswap, 1inch and so on. SundaeSwap has already gained massive support from the Cardano community and wit...
25 Sep 2021 3 minute read 0 comments nulswap
We’re excited to introduce Nulswap, the first DeFi project in NULS Blockchain. Considering the popularity of DeFi and the growth of DEX on Ethereum, users and developers are limited by high gas costs and slow transactions. Nulswap commitment to solve...
24 Sep 2021 8 minute read 0 comments Ishaan Goyal
Cryptocurrencies are today a trillion-dollar industry disrupting the entire fintech sector. With the advancement of cryptography, cryptocurrency has become a remarkable innovation. However, the very first cryptocurrency bitcoin has been in existence...
20 Sep 2021 1 minute read 0 comments Hamminy
I haven't written for a while, on purpose. But I had to sound the alarm so people don't get caught up in nonsense. The website wormholebridge.com and v1.wormholebridge.com are horribly bugged, and if you use them you may end up losing your tokens. Th...
