CEX vs DEX: what’s the difference between centralized and decentralized exchanges?
The understanding of differences between CEXes and DEXes empowers users to have better control over fees, privacy and asset availability.
DeFi Academy — Page 6
A collection of 56 posts
What are the main types of crypto wallets?
Crypto wallets are crucial for secure and efficient crypto management, from daily swapping to long-term asset security.
What are types of transaction fees?
Understanding transaction fees is essential for secure and efficient use of cryptocurrency, impacting everything from day-to-day transactions to long-term investment strategies.
How do crypto transactions work?
In DeFi, a crypto transaction involves the transfer of assets between parties, typically recorded on a blockchain. However, off-chain transactions don’t necessarily always take place on a blockchain.
How is DeFi different from traditional finance?
DeFi leverages blockchain technology to provide financial services without centralized intermediaries, fostering innovation and offering unique features.
What is the difference between tokens and coins?
While the terms ‘coins’ and ‘tokens’ are often used interchangeably, the former are primarily used as payment cryptocurrencies, whereas the latter have a wider range of applications.
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