A Decentralized Exchange (DEX) is a platform that facilitates direct peer-to-peer trading of cryptocurrencies without relying on a central authority. DEXs use blockchain technology and smart contracts to execute trades transparently and securely.
This structure minimizes the risks associated with centralization, such as hacking or fraud, and gives users full control over their funds.
DEXs have become a fundamental part of the decentralized finance ecosystem, empowering users to trade assets in a trustless environment.
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