What is a Decentralized Exchange | CryptoCompare.com
What Is a DEX Decentralized Exchanges, Explained - CoinCentral
A DEX is a decentralized exchange and is essentially a new type of pair matching that allows people to place orders and trade cryptocurrencies without an intermediary institution managing the ledger or controlling user funds. Cryptocurrencies excited a lot of people because they created a way to trade value without the need for intermediaries. Blockchain technology allows strangers to trust one another without the need for a central institution. It's an amazing technology with the potential to change the way we structure our economy and the way we think about trade. The challenge, of course, is in order to enter the ecosystem you need to purchase some cryptocurrency using a currency you already have (dollars, euros, etc). Typically, you'd do so at one of the major exchanges, like Coinbase or Kraken. However, those are both centralized institutions. This data was obtained by us on August 29, 2018 1:53 AM. Share this content on social media: Have a look at coincentral.com for additional posts. Reply to Topic
Decentralized Exchanges Aren't Living Up to Their Name And Data Proves It - CoinDesk
Some say a decentralized exchange is an oxymoron. Perhaps not, but for now it's not much more than an aspiration. Over the past year, dozens of cryptocurrency trading platforms have marketed themselves as decentralized exchanges. While models vary, the term implies they allow users to trade on a peer-to-peer basis, and more importantly, without using a platform operated by a single entity. The main selling point is that unlike today's better-known crypto trading platforms (think Coinbase, Kraken or Binance), a decentralized exchange shouldn't require traders to store their money with a third party that can be hacked. Yet while DEX? has been a hot buzzword, it's been unclear how decentralized they actually are. This article was first found by us on July 23, 2018 3:00 PM. Share this content on social media: Browse www.coindesk.com for more. Reply to Topic
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