How do Decentralized Exchanges Work?

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Mar 9

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3 min read

How do DEXs Work?

What is a Decentralized Exchange?

How do Decentralized Exchanges Work?

Advantages of Decentralized Exchanges

Decentralized exchanges are more secure because they are not controlled by any central authority. This makes them less vulnerable to hacking attempts and other security breaches.Decentralized exchanges are more transparent because they are managed by a community of users who contribute to the operation of the exchange. This makes it more difficult for any single entity to manipulate the market.Decentralized exchanges are more resistant to censorship because they are not controlled by any central authority. This makes it more difficult for governments or other organizations to shut down the exchange.Decentralized exchanges are more efficient because they automate the trading process through the use of smart contracts. This reduces the need for intermediaries and makes transactions faster and cheaper.

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