Using 1inch DEX plugincross-chain for web3 DEX - Polygon mainnet - Published in IPFS
When transferring currencies between two accounts with the conventional financial system, an intermediary is often necessary to facilitate a transaction. Furthermore, these platforms are often referred to as centralized exchanges as they’re based on a centralized system. In contrast, a decentralized exchange, or a DEX, rather emulates the functionalities of a centralized exchange but is based on a decentralized system. What this basically means is that the back-end of these exchanges exists on a blockchain.
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