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sterling silver cigar ring wholesale jewelry When conducting transactions on the decentralized exchange, you do not need to register. You only need to use the digital wallet to connect to the decentralized exchange to conduct cryptocurrency transactions. After the transaction is completed In the wallet, the user's assets are always realized in their wallets.
The expansion information:
The central exchange can simply understand it as a private institution or company to open a platform to provide a buy and sell cryptocurrency. After the user registered members are completed In addition, cryptocurrency assets need to be transferred to the platform, and the platform is temporarily kept. The biggest feature is that the user interface and experience are better, the transaction volume and liquidity are large, and the chance of successfully rubbing the order in real time is greater.
The decentralized exchanges are to exist in the user's funds in his wallet. Or part of the) on the network, which can be done on the network, so that you can ensure the open transparency of the transaction. Our common decentralized transactions all ForkDelta, Bancor, Idex, KNC, ZRX-0x protocols, Loopring, etc.
The decentralized exchanges, according to whether the order transaction process and liquidation are carried out on the chain, it can be divided into decentralized exchanges (traditional types) on the pure chain Exchange (improved). Traditional decentralized exchanges, full process of user transactions (funds custody, buying and selling order entrustment, withdrawal order, transaction matching, boarding settlement and liquidation, etc.), all recorded through the blockchain through smart contracts. User funds have their own wallets, with control, which improves the transparency and trust of transactions, which is relatively safer. However, the user experience on this pure chain is not very good, and the transaction speed and asset liquidity are very slow, and the cost is relatively high.
The central exchanges are mainly security, so that the control of user assets is in its own hands, but accordingly, the efficiency and user experience are lacking. Although the centralized exchanges have broke out of security incidents such as stolen currency, losing currency, but because the experience of decentralized exchanges is not friendly enough, the centralized exchange is still used. In the long run, decentralized exchanges are the future trend. Especially in the past two years, the technology of decentralized exchanges has made great progress. The more decentralized exchanges, especially the EOS decentralized exchange, whether it is the trading experience or the TPS, it is much faster than the previous exchange.