What is a Decentralized Exchange
March 31, 2022•1,129 words
What is a Decentralized Exchange
Bitcoin, the first blockchain-based cryptocurrency, was created as a peer to peer payment system that allows its users to transfer value with no central authority or third party involved. Since a network of distributed and mostly anonymous miners are all in charge of processing the transactions, we are ensured that problems like censorship, fraud, and others are not possible.
The automated issuance mechanism of bitcoin through mining also seeks to remove the co...
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