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September 26, 2018, 01:53:42 PM |
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The Centralized Exchange (CEX)
A trading floor is a trading platform managed by a third party such as a company or an organization and all assets and rights are held by the organization. The trading floor has full control, dominates the system. Both buyers and sellers place their trust in the third party and hand over their property, here is the deal. This is common at banks or on todays transactions where customers trust their banks to keep their money or to trade. At the floor, the user's assets are the numbers displayed at the wallet's balance on the home page of these exchanges.
When you load a cryptocurrency on the floor, the cryptocurrency will be transferred to the cold wallet of the floor, and you will receive the value of the corresponding cryptocurrency value you load as the number you see in your balance. When you make transactions with other people, you do transactions in these numbers, in special cases, for example, when you transfer tokens from one floor to another (Binance ve Huobi). , the floor will automatically get the corresponding token in the "hot wallet" transaction.
The Decentralized Exchange (DEX)
The decentralized trading platform is independent of any third party. The most common decentralized trading platforms are IDEX, BANCOR NETWORK, BITSHARE ...
The supply of these floors is that you use your own key to log into the system. User transactions are performed automatically, directly under the peer-to-peer mechanism.
Advantages of decentralized trading platform:
Consistency: You have total control over your assets
Anonymity: Do not expose personal information
High authenticity
Low transaction fees
Difficult to attack
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