Questions tagged [decentralized exchange]

Claudio Tue Oct 01 2024 | 7 answers 1286

I'm curious to know if Coinbase operates as a decentralized exchange in the world of cryptocurrency. It's common to associate blockchain and crypto with decentralization, so I'm wondering if Coinbase aligns with this principle. Can you clarify whether Coinbase is a centralized or decentralized platform, and if it's the latter, how does it ensure that users maintain control over their funds and transactions, promoting a more decentralized environment?

EchoSolitude Tue Oct 01 2024 | 5 answers 1419

Could you elaborate on what IDEX, as a cryptocurrency platform, specifically produces or offers to its users? Are they primarily focused on facilitating the exchange of digital assets, or do they also offer additional services such as decentralized trading, token listings, or wallet solutions? I'm interested in understanding the CORE offering of IDEX and how it differs from other cryptocurrency exchanges in the market.

Martina Sun Sep 29 2024 | 6 answers 1058

I've been hearing a lot about decentralized exchanges in the cryptocurrency world, and one of the main selling points is their supposed security. But I'm curious, can a decentralized exchange really be hacked? I mean, if it's decentralized and doesn't rely on a central authority to manage funds, how is it vulnerable to attacks? I understand that smart contracts, which are often used in decentralized exchanges, can have vulnerabilities, but is that the only way hackers can get in? And what measures can decentralized exchanges take to protect themselves and their users against potential attacks?

henry_harrison_philosopher Sat Sep 28 2024 | 5 answers 1329

Could you provide an illustration of what a decentralized exchange, or DEX, might look like in practice? How does it differ from traditional, centralized exchanges in terms of its operation and the user experience it offers? Understanding these key aspects can help clarify the role that DEXs play within the broader cryptocurrency ecosystem.

Chiara Sat Sep 28 2024 | 5 answers 1250

Excuse me, I'm curious about the nature of Gate.io as a cryptocurrency exchange. Could you clarify for me whether Gate.io is a decentralized exchange or not? I've heard different opinions and would like to get a clear understanding of its operational structure. Additionally, if it's not decentralized, could you explain how its centralized model differs from other popular exchanges in the market? Thank you for your time and consideration.