Re:Temporary pause of Bitcoin withdrawals on Binance
by rglullis on Monday June 13, 2022 @10:15AM
(#31725909)
No, I mean actual decentralized exchanges. They are applications running on the blockchain. There is no owner, no physical location, no entity controlling access. All you need to do is have a crypto wallet and execute the contracts.
Re:Temporary pause of Bitcoin withdrawals on Binance
by throwaway2048 on Monday June 13, 2022 @02:38PM
(#31729644)
no automatic blockchain contract can provide you with USD
Its like a list of all the small shop money exchanges that exists. But it doesn't mean its decentralized. It also means you always need a trusted third party for the exchange.
Wasn't crypto about going rid of those trusted third parties?