Decentralized exchange development involves creating blockchain-based platforms where users can trade cryptocurrencies directly with one another, eliminating the need for centralized intermediaries. DEX platforms typically use smart contracts to facilitate trades securely, ensuring transparency and control over user funds. These exchanges are resistant to hacking and regulatory intervention since they don’t store user funds on centralized servers. DEX development includes key features like liquidity pools, automated market makers (AMM), peer-to-peer trading, and multi-chain support to enhance user experience and functionality.
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