Decentralised Exchange

October 14, 2022 ⚊ 1 Min read ⚊ Views 119 ⚊ TECH

A Decentralised Exchange is a platform where traders can trade cryptocurrencies directly with one another, without the need for a central authority. Instead of using a centralised exchange to buy cryptocurrencies, traders put their trades in an order book and wait for someone to take them at their specified price. The orders are matched with other orders and executed on the blockchain. A decentralized exchange means traders don’t have to trust their money or personal data to third parties, since they’re technically trading on a peer- to-peer network.

Read details: https://www.mobiloitte.com/blockchain/decentralized-crypto-exchange-platform-dex/

Tags: decentralized, decentralized crypto exchange

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