Decentralized Exchange
A decentralized exchange allows users to trade digital assets directly with one another without the need for an intermediary. This type of platform operates on a peer-to-peer network, ensuring that users maintain full control over their funds at all times. Transactions are executed through smart contracts, which automate the process and ensure transparency and security. By eliminating centralized authorities, it reduces the risk of hacking and provides a more inclusive financial system where anyone with internet access can participate.