What Is A Decentralized Exchange And How Does It Works?

Decentralized Exchange : A decentralized exchange is a digital assets exchange which allows buyer-to-seller direct transactions without central authority permission. This exchange works with the help of the smart contract rule, and it doesn't store user funds and personal data. This exchange is the fundamental philosophy of blockchain and crypto spaces. This decentralized exchange has more benefits than a centralized exchange, the reason is in this platform, buy order and sells orders get executed faster on compared to another exchange, so more users are interested in this exchange. How Does Decentralized Exchange Work? The decentralized exchange work process is similar to a centralized exchange, but there are some difference too. They are , >A token owner raises an order to exchange their funds with another available on the DEX. Here the user specifies the number of units they want to sell, and the cost of each token. > Once the sel...