Foundations of Blockchain

Decentralized exchanges

Due to the potential applications of blockchain technology, more and more people are getting involved in it. In particular, the cryptocurrency market is growing. New currencies are introduced regularly, and there are over 2,000 cryptocurrencies already in the market. This means people need to be involved with multiple currencies at the same time and exchange one currency for another. Cryptocurrency exchanges help users to exchange their tokens by placing orders on the market. Although exchanges allow users to exchange assets, they need users to transfer their assets to accounts maintained by these exchanges. This created a centralization of crypto assets in the decentralized ecosystem. This makes most of the trades ...