What is a decentralized exchange (DEX)?

    • 44 posts
    November 4, 2023 8:44 AM EDT

    A decentralized exchange (DEX) is a platform that enables peer-to-peer cryptocurrency trading without the need for intermediaries. It allows users to trade directly with each other using smart contracts and blockchain technology.

    source: https://www.blockchainappfactory.com/decentralized-exchange-development

  • November 21, 2023 12:46 AM EST

    A cross-chain DEX is a decentralized exchange that allows for the trading of assets across different blockchain networks. This type of exchange is beneficial for users who want to trade assets that are not native to their own blockchain, or who want to trade between different blockchain networks. Cross-chain DEXes typically use a multi-signature escrow system to facilitate trades, and they often require users to have accounts on both the source and destination blockchain networks.