#CEXvsDEX101
🔵 CEX (Centralized Exchange) - Left Side:
🧑💻👩💻 All users (represented by icons) connect directly to a central hub labeled CEX.
⚙️ The central hub controls all operations, acting as the middleman.
🔒 Users give up some control for convenience and faster services.
🔄 Example: Binance, Coinbase.
➡️ Visual Summary: 👤➡️🔵CEX🔵⬅️👤
(Users depend on the central authority)
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🟣 DEX (Decentralized Exchange) - Right Side:
🔄 Users and protocols (shown with logos like 🦄 Uniswap, 🟢 Aave, 🟡 Ethereum, etc.) interact directly with each other in a web-like structure.
🔗 No single point of control — it's peer-to-peer.
🔓 Users retain custody of their funds (more control and transparency).
🌐 Example: Uniswap, SushiSwap.
➡️ Visual Summary: 🧑💻🔁🧑💻 (via smart contracts, no middleman)
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⚔️ CEX vs DEX:
CEX: 👥 centralized, easy to use, but requires trust.
DEX: 🌐 decentralized, secure & transparent, but can be complex.
