Understanding the spectrum of decentralized exchanges and market mapping
With the recent hype of cryptocurrencies, many have decided to invest in a variety of coins, often without thinking about the mechanism through which they are buying and how it fits into the larger ecosystem. Exchanges are instrumental to the movement of cryptocurrencies.
In this post, I aim to distinguish between centralized and decentralized exchanges, and map the exchange ecosystem. Contrary to the popular use of the words centralized and decentralized, exchanges are not binary. In fact, there are a number of variables that exist on a spectrum from complete centralization to complete decentralization. To truly understand whether an exchange…
Mansi Prakash
think outside the blocks
