A decentralized cryptocurrency exchange is what people are looking at. Get yourself occupied with security features that eliminate the central authority from transactions, thus making the transaction risk-free. The privacy is well maintained, creating trust over the users.
This is how the trust is born and relationships created.
At the moment there is a limited list of blockchains frameworks who support decentralized exchange.
Modification or removal is impossible; this is the reason that the system is transparent and trust-less.
As you know, any exchange consists of the following components.
Some existing exchanges have it, others do not.
Unfortunately, in the decentralized exchange systems concept, liquidity is the weakest point, and it can not be solved in a simple way.
Well, you will find the answer as you read along.
In fact, Satoshi Nakomoto himself did not intend to create virtual money.
This is an internet-based exchange medium where the transaction takes place on the blockchain ledger.
To be even more precise, it is immune to the old ways of government’s control and interference.
Yes, the primary function of the nodes is to verify the transaction and make sure that the money is not spent twice.
Hence all the nodes now know which bitcoin was spent and which still remains unused.
