Submitted by cryptoappfactory • December 15, 2020
cryptoappfactory.blogspot.com
A decentralized exchange (DEX) is a partially-automated cryptocurrency exchange platform where no intermediate third-party can hold customers’ personal information, account balances, portfolio allocations, and fund positions at any stage. In other words, there are no centrally-controlled servers, thus eliminating a single point of failure. A decentralized exchange is popular for trading any cryptocurrencies without the restrictions of centralized platforms. They allow users to buy and sell cryptocurrencies from each other without the involvement of a middleman.
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- Category: Business
- Tags: blockchain, cryptocurrency, decentralized crypto exchange, p2p crypto exchange, smart-contract