#CEXvsDEX101
๐ต CEX (Centralized Exchange) - Left Side:
๐งโ๐ป๐ฉโ๐ป All users (represented by icons) connect directly to a central hub labeled CEX.
โ๏ธ The central hub controls all operations, acting as the middleman.
๐ Users give up some control for convenience and faster services.
๐ Example: Binance, Coinbase.
โก๏ธ Visual Summary: ๐คโก๏ธ๐ตCEX๐ตโฌ ๏ธ๐ค
(Users depend on the central authority)
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๐ฃ DEX (Decentralized Exchange) - Right Side:
๐ Users and protocols (shown with logos like ๐ฆ Uniswap, ๐ข Aave, ๐ก Ethereum, etc.) interact directly with each other in a web-like structure.
๐ No single point of control โ it's peer-to-peer.
๐ Users retain custody of their funds (more control and transparency).
๐ Example: Uniswap, SushiSwap.
โก๏ธ Visual Summary: ๐งโ๐ป๐๐งโ๐ป (via smart contracts, no middleman)
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โ๏ธ CEX vs DEX:
CEX: ๐ฅ centralized, easy to use, but requires trust.
DEX: ๐ decentralized, secure & transparent, but can be complex.
