A centralized exchange (CEX) is a platform where you buy, sell, and trade cryptocurrencies through an intermediary. These exchanges handle transactions by matching buy and sell orders, making trading efficient. CEXs require identity verification and comply with...
The Ethereum Virtual Machine (EVM) is Ethereum’s decentralized computing engine. It lets you run smart contracts and decentralized applications (dApps) seamlessly. Developers use languages like Solidity, and the EVM translates this code into low-level opcodes....
A consensus mechanism is a protocol that ensures all participants in a decentralized system agree on transaction validity. It builds trust without a central authority by preventing tampering and fostering reliable collaboration. Popular types include Proof of Work...
A decentralized exchange (DEX) lets you trade cryptocurrencies directly with other users without relying on a central authority. You maintain full control over your assets, and transactions are managed through smart contracts on the blockchain, ensuring transparency....
A decentralized app (Dapp) is a type of application that runs on a blockchain network, giving control to users rather than a central authority. These apps use smart contracts to automate actions based on predefined conditions. They’re open source, allowing...
