![]() The widespread use of Decentralized exchanges (DEX) could result from the rise of altcoins creation and how the overall DEX basis solely depends on decentralization.Īlso, DEXs features and its decentralized nature appear to push its popularity and mainstream adoption. Recently, decentralized exchanges are becoming a more common and widely used technology than Centralized exchanges. Keep in mind that both DEXs and CEXs are not the same in any way. They validate its transactions on the CEX, while a DEX doesn’t need anyone to do this. So, a CEX is one that involves a middle man or a third party. By doing so, you will be well equipped to understand what DEX is. With this guide, you will know how Decentralized Exchanges work and even how DEX differs from Centralized Exchange (CEX).Īs far as blockchain and cryptocurrency are concerned, it is better first to understand how Centralized exchange works. This piece looks at everything concerning Decentralized Exchange (DEX).
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