A DEX, or Decentralized Exchange, is a platform that allows users to trade cryptocurrencies directly with each other without the need for an intermediary or central authority. This setup enhances privacy and security, reduces trading costs, and may offer access to a wider variety of tokens. DEXs operate using smart contracts on a blockchain, ensuring transparency and immutability of trades. For those interested in diving deeper into how DEXs function and their advantages over traditional exchanges, this article is a great resource:
https://paybis.com/blog/glossary/what-is-a-dex/ It explains the fundamental aspects of decentralized exchanges and their growing role in the crypto economy.
Topic: What is a DEX in the Cryptocurrency World? (Read 98 times)