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 cryptocurrencies 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. Centralized in the context of... Read More exchanges. A decentralized exchangeAn exchange is a marketplace where traders can buy and sell cryptocurrencies and other digital assets. The "exchange" acts as... 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.
