What is De-Centralized Exchange?

It is necessary to say that the main feature of cryptocurrency is the idea that we don’t need to trust anyone. We and our funds are under control. A decentralized exchange is a type of exchange that has no special institution, a person or a server that has to control and running it. When you use a decentralized exchange you do not have to trust any single authority. The main peculiarities of decentralized exchange are that this service is trustless.

A truly decentralized exchange like Herdius works in a distributed way through a blockchain, with orders and information routed in a peer-to-peer protocol. This way, you are entrusting a system of hundreds of independent nodes instead of a single centralized entity, like an exchange. While this has won million hearts of crypto lovers, there are yet more innovations in this crypto world that we will talk about in future.

Stay tuned!

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