Normie Series: What Is a DEX and How Does It Work?by@valuefirst
224 reads

Normie Series: What Is a DEX and How Does It Work?

by ValueFirst4mJuly 14th, 2022
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

Merriam-Webster defines Exchange as ‘the act of giving or taking one thing in return for another’ Decentralized exchanges allow people to swap crypto tokens directly with each other. DEXs allow trading without an intermediary and users don’t need to give up custody of their coins. CEXs are custodial. They hold user funds and digital currencies on the exchange and act as the. central authority that verifies and authorizes all transactions. DeX is relatively new, but they’re recording rapid growth.

People Mentioned

Mention Thumbnail

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coin Mentioned

Mention Thumbnail
featured image - Normie Series: What Is a DEX and How Does It Work?
ValueFirst HackerNoon profile picture
ValueFirst

ValueFirst

@valuefirst

Content Writing for a While now

About @valuefirst
LEARN MORE ABOUT @VALUEFIRST'S
EXPERTISE AND PLACE ON THE INTERNET.
L O A D I N G
. . . comments & more!

About Author

ValueFirst HackerNoon profile picture
ValueFirst@valuefirst
Content Writing for a While now

TOPICS

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite