Understanding the Differences between Centralized and Decentralized Cryptocurrency exchanges | CryptoConsultz |CryptoConsultz
One of the key components of the cryptocurrency ecosystem are exchanges, where people can buy, sell, and trade cryptocurrencies. In this post, we'll take a look at the two main types of cryptocurrency exchanges: centralized and decentralized. What are centralized exchanges? Centralized exchanges (CEX) are the most common type of cryptocurrency exchange. They are operated by a single entity, which is typically a company. This entity is responsible for managing the exchange and facilitating transa
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