CoinCarp Blog

  If you've been trading cryptocurrency, you've most likely done it on centralized exchanges like   Binance   or   Huobi . However, things have progressed significantly in recent years, and   decentralized exchanges   are gradually eroding the utility and usability of centralized platforms, which are still the most popular means for bitcoin users to trade. DEXs, or decentralised exchanges, allow consumers to purchase and sell cryptocurrencies without the involvement of brokers. Users connect their cryptocurrency wallet to a DEX, choose their preferred crypto trading pair, enter the amount, and click the swap button. Let's talk about the top five decentralized exchanges in this edition. Uniswap On Ethereum,  Uniswap  is a decentralized system for automated liquidity provision. Uniswap, one of the first  automated market makers , allows users to act as liquidity providers by donating assets to decentralized liquidity pools. Liquidity providers ...

  Introduction Defi stands for Decentralized Finance, a financial application ecosystem built on a blockchain network. In other words, DeFi establishes an open-source and transparent financial system that provides financial services to everyone without central authorities. It creates entirely new financial markets, products, and services. More specifically, the traditional financial system is controlled by central authorities such as the government and banks. They control the flow of funds and provide most of the financial services. For example, money transfers, savings plans, insurance and the stock markets. The traditional financial system was built on the trust of investors. However, the centralized financial system (or CeFi for short) has its own risks, such as mismanagement, fraud and corruption. It has the potential to collapse from the center and it is quite expensive. The alternative is decentralized finance that does not have a central authority. They are open and trustwor...