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How do decentralized exchanges work?

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(@tessa)
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Delving into the inner workings of decentralized exchanges (DEX) is like disclosing a fascinating crypto puzzle! Unlike traditional exchanges, DEX operates without a central authority. Imagine it this way: instead of relying on a middleman to execute your trades, DEX utilizes smart contracts on blockchain networks. These smart contracts automatically facilitate and execute trades, ensuring a transparent and secure environment. It's essentially peer-to-peer trading but with the added layer of blockchain technology. Have you had the chance to experience the magic of decentralized exchanges? If interested to learn more about the inner workings of DeFi exchange script you can approach the prominent decentralized exchange development company.

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