Trusted Third Parties

Why Decentralized Exchange Protocols Matter

| Blockchain Curated

In this episode featuring Fred Ehrsam, Co-Founder of Coinbase, you’ll learn:

  • What a decentralized exchange (DEX) is, how they work, what types of applications can be built on top of decentralized exchanges, and how they compare to a centralized exchange
  • The benefits that decentralized exchanges can uniquely offer that centralized exchanges cannot, as well as some of the current drawbacks of decentralized exchanges
  • Why there is a need for the decentralized exchange for tokens
  • The difference between a decentralized exchange and a decentralized exchange protocol

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Atomic Swaps

| Blockchain Curated

In this episode featuring Bitcoin developer Jimmy Song, you’ll learn:

  • What an atomic swap is, how it affects the future of Bitcoin, and why it is useful
  • How an atomic swap works, with a real-world example
  • Why trusted third parties are security holes, and how atomic swaps remove the need for them
  • Pros and cons of on-chain atomic swaps compared to off-chain swaps such as the Lightning Network
  • What some of the cryptocurrencies that support atomic swaps are, including Decred (DCR) and Litecoin (LTC) which made headlines after recently completing an atomic swap

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