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Digital currency for the foreseeable future
The user’s data and currency are technically dependent on the banks or the government. If a user’s financial institution is hacked, the customer’s personal information is at risk.
How blockchain registers transactions
Blockchain literally translates as a chain of blocks. Each of these blocks digitally stores certain information. In the case of cryptocurrencies, this is data about transactions
What are the disadvantages of decentralized exchanges?
In most modern DEX, crypto-assets can only be exchanged within a single blockchain. Sometimes cryptoassets from different networks are added to DEX via crosschain bridges, but this complicates the trading process.
How to evaluate an ico?
Token viability. Read the white paper, look at the source code, study the project website. You should clearly understand the task/idea that the developers want to convey.
Good intentions of ICOs and smart contracts
The concept of the “smart contract” emerged several years ago. The idea is that a computer algorithm completely eliminates the human factor in business transactions.
When did decentralized exchanges appear?
Initially, all cryptocurrency trading was centralized. The first decentralized exchange appeared in 2014 and was called NXT Asset Exchange.