How decentralized exchanges have evolved and why it’s good for users

[Google News Bot]

Decentralized exchanges (DEXs) first appeared in the cryptocurrency industry in 2014, allowing users to trade a wide number of assets peer-to-peer. However, the first iterations of these platforms could be difficult to use. But, since their inception, developers have worked to make them easier and more accessible for users. Decentralized exchanges work by using smart contracts to fulfill orders placed by traders, allowing users to trade directly with each other instead of relying on a centralized platform. Unlike a centralized exchange (CEX), when traders engage with a DEX, their funds are no ...

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[Setho]

The decentralized ecosystem actually have a very long way to go before it is going to achieve its original plan but to be honest I am also happy with the progress it has been making.