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MarkRoberts
Bronze Bitcoiner
Bronze Bitcoiner
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Joined: Wed Jan 13, 2021 10:19 am

How does a Decentralized Exchange work?

Tue May 25, 2021 3:17 pm

Decentralized exchanges operate similar to their centralized counterparts; however, they’re significantly different when it comes to other infrastructural operations. Note that there are quite a few types of decentralized exchanges available to the users that can be divided into the following categories.

On-Chain Order Books
Off-Chain Order Books
Automated Market Markers (AMM)

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