Decentralised Exchange- Simplified, What You Need To Know
Decentralized Exchanges (DEX) are like magical #marketplaces on the internet where people can trade digital treasures without needing a bossy middleman! Imagine a playground where everyone brings their toys to trade without needing a teacher to watch. Now, in the web 3 world, DEXs let us swap digital toys, like #cryptocurrencies, directly with our friends.
One popular DEX is #Uniswap, where you can trade different digital coins by using special computer codes called smart contracts. It's like having little robots that follow the rules and make sure the trades are fair for everyone.
Another cool DEX is #SushiSwap, which is like a friendly chef in the digital kitchen. It rewards people who help the kitchen by providing their toys (crypto) with special #tokens, making trading even more exciting!
So, in the big world of web 3, Decentralized Exchanges are like playgrounds where everyone plays fair, no bossy teachers, and even robots and chefs join the fun!
