DecentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More exchanges facilitate the trade of cryptocurrenciesA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... or other digital assetsDigital assets are items of value that can be stored and traded electronically, including cryptocurrencies, tokens, smart contracts, and other... Read More without a central authorityA central authority is an entity that holds centralized control over something, such as a financial exchange, asset, or transaction.... Read More. Decentralized exchanges are often peer-to-peer, meaning buyers and sellers trade directly with one another through an online platform. Because decentralized exchanges do not have a single point of failure, they are typically more secure than traditional centralizedAn organizational structure wherein a small handful of actors have control over the entire network. In the context of bitcoin,... Read More exchanges. A decentralized exchangeA digital marketplace where you can buy and sell cryptocurrency. Read More utilizes private keys that are associated with the traded assets. On a decentralized exchange, users maintain control of their private keys. On centralized exchanges, users must entrust the exchange with their funds.
