decentralized exchanges

What are Decentralized Exchanges? Types, Pros, and Cons

Decentralized exchanges allow users to buy and sell cryptocurrencies through peer-to-peer transactions eradicating intermediaries. In other words, it is a departure from traditional exchanges where a third party holds the authority to transfer assets between two parties.    With a decentralized exchange, a distributed ledger Blockchain replaces the third party and eliminates system failures. So, users …

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