Why are DEXs safer than centralized exchanges?
DEXs provide stronger security because users never surrender control of their private keys. Trading happens through immutable smart contracts rather than centralized servers that can be hacked or mismanaged. Unlike centralized platforms, DEXs do not hold user funds in custodial wallets, reducing vulnerability to breaches. Additionally, decentralized exchanges operate transparently on-chain, allowing anyone to audit transactions. The open-source nature of DEX smart contracts ensures the community can detect issues early. However, DEXs must be carefully developed, as buggy contracts can still lead to exploits. Professional decentralized exchange development includes audits, penetration testing, and layered security protocols. Overall, DEXs minimize trust requirements and offer a more resilient structure for crypto trading.
Explore More: https://www.blockchainappfactory.com/decentralized-exchange-development
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