ICO Today Magazine News
Centralized exchange platforms, while offering certain benefits like speed and cross-asset swaps, require an element of trust. They leave users vulnerable to hacks and do not give you direct control over your own money. Decentralized exchanges (DEXs) enable peer-to-peer trades. They do not rely on third-party operators to handle user funds; instead, all funds are managed by an immutable smart contract. Smart contracts establish an agreement between parties, and the rules for that agreement cannot be modified or bypassed in any way. This allows two parties to transaction directly, without a need to trust or even know the other party.