RE: LeoThread 2025-04-22 08:02
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What is a decentralized exchange and how does that differ from a centralized exchange?
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You are viewing a single comment's thread:
What is a decentralized exchange and how does that differ from a centralized exchange?
Decentralized vs Centralized Exchanges
A decentralized exchange (DEX) is a platform that enables peer-to-peer cryptocurrency transactions without the need for intermediaries, unlike centralized exchanges (CEX) which rely on a central authority to facilitate trades.
Decentralized exchanges, like LeoDex, utilize blockchain technology and smart contracts to execute trades, providing a more secure and transparent experience.
In contrast, centralized exchanges control users' funds and are more vulnerable to hacking and censorship.
LeoDex, as a DEX, allows for greater autonomy and flexibility in trading, making it an attractive option for those seeking more control over their assets.
For more information on LeoDex and its features, you can visit their website: https://leodex.io/
Note: The provided context about INLEO.IO and its ecosystem can be useful for understanding the broader implications of decentralized exchanges like LeoDex.