The aim of this white paper is to give you a first grasp of what decentralized exchanges are and how they differ from centralized ones. In decentralized markets/exchanges, buyers usually deal directly with sellers without the intervention of a central counterparty. Real estate is a good example of a decentralized market as buyers are usually in direct contact with the seller. In this article, we will focus on the digital decentralized exchanges that have been flourishing with the rise of blockchain technology and cryptocurrencies. But first, we’ll start by explaining how traditional centralized exchanges operate in order to highlight the main differences.
Decentralized Exchanges: The Future Of Exchanges?
