#CEXvsDEX101 CEX vs DEX:

*CEX (Centralized Exchange)*:

1. *Traditional exchange model*: Similar to stock exchanges.

2. *Central authority*: Manages transactions, user accounts, and security.

3. *Examples*: Binance, Coinbase, Kraken.

*DEX (Decentralized Exchange)*:

1. *Blockchain-based*: Operates on a decentralized network.

2. *No central authority*: Transactions are peer-to-peer, secure, and transparent..