Venice Swap
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🟠 What is #DEX that Challenges the Traditional #Financial #System?

🔴 What is a DEX compared to the centralized system we are used to? Decentralized #crypto #exchanges (#DEXs) are #blockchain-based applications that coordinate large-scale crypto #asset #trading among many users. These applications use fully automated #algorithms.

https://medium.com/veniceswap/what-is-dex-that-challenges-the-traditional-financial-system-4aacc8fa1a81
🍪 The Game Changer: #Decentralized #Exchanges

🍭 Decentralized exchanges (#DEX) are markets that do not rely on a third-party service to hold client funds. Instead, transactions are carried out directly between users (peer to peer, #p2p). This is achieved through an automated process called #SmartContracts

https://medium.com/veniceswap/the-game-changer-decentralized-exchanges-22d09f35c3e4
🏓 #Decentralized #exchanges (#DEX) gain #market share

🥏 While in #centralized #crypto exchanges, an operator as the central authority has the business authority and control over all #transactions made, in the decentralized #trading venue, the user retains control over his balance and the keys associated with it. This is therefore a matter of dependency and mutual trust.

https://medium.com/veniceswap/decentralized-exchanges-dex-gain-market-share-f89f59ae54c5
🙋‍♀️ What are #Centralized #Exchanges (#CEX)? And Why You Should Avoid Some of Them? (Included #FTX #Bankruptcy Case)

In #crypto context, centralized exchanges are platforms where you can buy and sell #cryptocurrencies. You can do this either using #fiat #money, such as #euros or #dollars, or using other cryptocurrencies, usually #Bitcoin and #Ether.

https://medium.com/veniceswap/what-are-centralized-exchanges-cex-b5ae82747102
⛳️ What are the Advantages and Uses of #DeFi #Applications

🪁 #AMMs are DeFi applications that automatically create #markets by using mathematical formulas to determine the price of a #token based on the proportion of #assets stored in the #platform’s #liquidity #pools, rather than the supply-and-demand method used on most centralized #exchanges

https://medium.com/veniceswap/what-are-the-advantages-and-uses-of-defi-applications-a5f4ed85df86
💠 What is the 'Teflon' man of #crypto up to?

A few years ago, he was just a middle-class #Chinese. Today, he owns #Binance, one of the world’s largest #cryptocurrency #exchanges. #Changpeng #Zhao, a Chinese-Canadian businessman known as ‘#CZ’, is considered a pioneering entrepreneur in the cryptocurrency industry

https://medium.com/veniceswap/what-is-the-teflon-man-of-crypto-up-to-7a89e4539fb1