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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.
11 May 2021 3 minute read 0 comments Greenchic
https://www.orionprotocol.io/ A platform to trade/swap cryptos with liquidity of all major Crypto Exchanges and Dexs https://www.orionprotocol.io/ Although it’s not perfect, one can find alternatives to trading cryptos in Centralised Exchanges (...
10 May 2021 13 minute read 11 comments Thunderboltkid
Most in the know, in crypto, realize RIT is Rothschild. RIT just recently bought a huge position in Kraken, known to be a decent Central exchange looking to get to some form of de-centralized exchange state, according to their CEO Jesse Powell. RIT a...
10 May 2021 3 minute read 3 comments Dapp.com
In 2020, Uniswap V2 introduced new features and optimizations, setting the stage for exponential growth in AMM adoption. V2 has soon become the leader in the DEX space. On 5th May 2021, Uniswap V3 was officially launched. What new features does...
10 May 2021 1 minute read 0 comments biricash
SHIBA INU is a new token that is making a lot of talk about itself. For many it is the new Dogecoin, for others it will be the Doge Killer. A token to be kept under observation and on which you can buy a big amount of SHIB with a very minimal inves...
9 May 2021 2 minute read 5 comments PVM
Ninja Swap is a DEX on the Binance Smart Chain, with AMO ( Automatic Minting Offering), Farming, Staking, and fair Tokenometrics set-up. Runs on Binance Smart-Chain and can be easily accessed with Metamask. The dashboard is user-friendly and all tabs...
7 May 2021 1 minute read 5 comments Harry89PL
I found out about it exactly 2 days ago. So how does it work? Off-chain trades are grouping by choosen pairs and it is send in batch for single transaction fee instead of multiple ones. For time being there is an extra promotion from creators. They d...
6 May 2021 3 minute read 0 comments GetBlock
The most inspiring airdrop of late 2020, 250% price rally and (probably) the most efficient aggregator across Ethereum and Binance Smart Chain. What's special about 1inch? In turbulent ‘DeFi summer’ of 2020, crypto segment witnessed a number of eye-...
5 May 2021 1 minute read 1 comment Melusine
The deflationary token economy of Hord.App is built around the $HORD token. Here’s how it’s going to work in a nutshell: There’s a number of mechanisms in place that drive the $HORD token economy. The first of which is based on hPools (the ETFs or “t...
5 May 2021 1 minute read 0 comments Mandrakata
Technical Analysis https://www.tradingview.com/x/QKwOBhko/ Since last TA update prices tested $0.60 resistance without breaking it, on first run. As always moves were anticpated by RSI indicator loss of momentum.We are now between $ 0.50 support and...
4 May 2021 1 minute read 1 comment Dapp.com
The most prominent decentralized exchange (DEX) on the Binance Smart Chain (BSC), PancakeSwap launched PancakeSwap V2 on 23rd Apr, migrating two of their current smart contracts to new, upgraded contracts with more DeFi features. The migration me...
