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What's the difference between exchange and web3?
🏦 Exchange (Crypto Exchange)
An exchange is a platform where you can buy, sell, or trade cryptocurrencies (like Bitcoin, Ethereum, xrp, xlm, hbar etc.).
There are two main types:
Centralized Exchange (CEX)
Examples: Binance, Coinbase, Kraken.
Controlled by a company.
You must create an account and go through KYC (identity verification).
The company holds your crypto for you — meaning they control your private keys.
Easier to use but less private and less “decentralized.”
Decentralized Exchange (DEX)
Examples: Uniswap, PancakeSwap, SushiSwap.
Runs on blockchain smart contracts (no company in charge).
You keep control of your own wallet and private keys.
Trades happen peer-to-peer directly on the blockchain.
🌐 Web3
Web3 is the next generation of the internet built around blockchain, decentralization, and user ownership.
It’s not just about trading — it’s a whole ecosystem that includes:
Smart contracts (self-executing programs on blockchains)
Decentralized apps (dApps) — apps that run on blockchains instead of servers
NFTs, DAOs, and DeFi platforms
Digital identity and ownership — users control their data and assets directly
Wallets like MetaMask that connect you to dApps.
🏦 Exchange (Crypto Exchange)
An exchange is a platform where you can buy, sell, or trade cryptocurrencies (like Bitcoin, Ethereum, xrp, xlm, hbar etc.).
There are two main types:
Centralized Exchange (CEX)
Examples: Binance, Coinbase, Kraken.
Controlled by a company.
You must create an account and go through KYC (identity verification).
The company holds your crypto for you — meaning they control your private keys.
Easier to use but less private and less “decentralized.”
Decentralized Exchange (DEX)
Examples: Uniswap, PancakeSwap, SushiSwap.
Runs on blockchain smart contracts (no company in charge).
You keep control of your own wallet and private keys.
Trades happen peer-to-peer directly on the blockchain.
🌐 Web3
Web3 is the next generation of the internet built around blockchain, decentralization, and user ownership.
It’s not just about trading — it’s a whole ecosystem that includes:
Smart contracts (self-executing programs on blockchains)
Decentralized apps (dApps) — apps that run on blockchains instead of servers
NFTs, DAOs, and DeFi platforms
Digital identity and ownership — users control their data and assets directly
Wallets like MetaMask that connect you to dApps.
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Forwarded from Freedom Force Battalion 🇺🇸
😂 Welcome to New York city with Mamdani as Mayor.
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Forwarded from Brenda Shearer
Senate stands adjourned until Saturday November 8th at 12:00 noon
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Joey B Toonz! 🤡
Why is she like this 6?
https://youtu.be/K98bO0OxHBo?si=8sYqltZNx5k29C7j
https://t.me/NEWSFORCE 🌎
Why is she like this 6?
https://youtu.be/K98bO0OxHBo?si=8sYqltZNx5k29C7j
https://t.me/NEWSFORCE 🌎
YouTube
Why Is She Like This!? 6
Today we explore a woman who inspires millions of women for reasons nobody knows.
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✭ PATREON ► http://www.patreon.com/joeybtoonz
✭ INSTAGRAM ► http://www.instagram.com/joeybtoonz
✭ X (TWITTER) ► http://www.twitter.com/joeybtoonz
✭ FACEBOOK ► http://…
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✭ PATREON ► http://www.patreon.com/joeybtoonz
✭ INSTAGRAM ► http://www.instagram.com/joeybtoonz
✭ X (TWITTER) ► http://www.twitter.com/joeybtoonz
✭ FACEBOOK ► http://…
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Monkey 🐒 Werx!
Eye In the Sky! ✈️
https://youtu.be/IJk3JgFJnhs?si=AeGAfpf6pwoHUvFI
https://t.me/NEWSFORCE 🌎
Eye In the Sky! ✈️
https://youtu.be/IJk3JgFJnhs?si=AeGAfpf6pwoHUvFI
https://t.me/NEWSFORCE 🌎
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https://youtu.be/S27rllG7_s4?si=dl-QUZOgEkOnOm7z
https://t.me/NEWSFORCE 🌎
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