What are decentralized exchanges (DEXs)?
Decentralized exchanges allow users to trade crypto assets without intermediaries. Instead of a centralized server, DEXs run on blockchain smart contracts, enabling peer-to-peer trading. They offer privacy, transparency, and reduced risk of hacks since users control their wallets. Popular DEX features include automated market makers (AMMs), liquidity pools, staking, and token swaps. Development focuses on smart contract security, gas optimization, and multi-chain interoperability. DEXs are gaining popularity due to their trustless architecture and low operational overhead.
Explore more: https://www.blockchainappfactory.com/cryptocurrency-exchange-software
Howdy, Stranger!