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NEarly on everyone in the crypto space agreed that decentralized exchanges (DEXs) were the future of crypto trading. That’s because, even now, in 2023, trading digital assets on centralized crypto exchanges can be a headache.
Let’s dive into the finer details of these top three decentralized exchanges: UniSwap, Chainlink, and BudBlockz. After reading this overview, you will understand how the best decentralized exchange technology works.
Purchase Budblockz Tokens
UniSwap (UNI)
Uniswap is a completely different type of exchange that is completely decentralized – meaning it is not owned and operated by a single entity – and uses a relatively new trading model called an automated liquidity protocol.
The Uniswap platform is built on the Ethereum blockchain, the second largest cryptocurrency project in the world by market capitalization. That makes it compatible with all ERC-20 tokens and infrastructure, such as wallet services like MetaMask and MyEtherWallet.
Uniswap is also completely open source, meaning anyone can copy the code to create a decentralized exchange. It even allows users to list tokens on exchanges for free.
Because Uniswap is a decentralized exchange (DEX), users always maintain control of their funds as opposed to a centralized exchange which requires traders to give up control of their private keys.
Maintaining control of private keys eliminates the risk of losing assets if the exchange is ever hacked.
According to the latest figures, Uniswap is currently the fourth largest decentralized finance (DeFi) platform in the world and has over $3 billion in crypto assets locked up in its protocol.
Chain link (LINK)
Chainlink (LINK) is a crypto platform and technology that allows non-blockchain companies to securely connect with blockchain platforms. It is a middleware that connects blockchain-based smart contracts with external data, such as stock prices or baseball scores.
Chainlink’s $LINK token pays Chainlink network operators and guarantees network smart contract agreements.
Chainlink is known as a blockchain abstraction layer or decentralized oracle network. It uses blockchain technology to enable computing securely on and off the chain, supporting what it calls hybrid smart contracts.
Companies using Chainlink can access any major blockchain network, including Ethereum and Solana. The Chainlink blockchain is built on top of the Ethereum platform, which uses a proof-of-stake operating protocol.
Additionally, Chainlink is an open source blockchain project, meaning anyone can view the project code and contribute.
BudBlockz (BLUNT)
BudBlockz (BLUNT) is the world’s first decentralized online eCommerce for cannabis users and investors to access the global cannabis market securely and privately.
The platform aims to assist users in buying digital and physical cannabis products and dispensaries in legalized jurisdictions. BudBlockz will add privacy to this process through decentralization in an open and commerce environment.
BudBlockz plans to showcase a vast NFT marketplace where its users can buy and sell NFTs. Additionally, the platform will list a collection of 10,000 NFTs known as Ganja Guruz on the Opensea platform.
Ganja Guruz NFT holders will be eligible to enjoy membership in global cannabis dispensaries and access fractional holdings.
BudBlockz will expose users and investors to many innovative solutions to help them get involved in the cannabis industry, including a decentralized NFT marketplace, decentralized digital commerce, decentralized Ecommerce, and more.
The project’s smart contracts have been audited by Solidity Finance Audit and SolidProof to provide investors with the highest guarantees and protection.
BudBlockz has announced that the fourth presale stage is underway, and investors are rushing to get their hands on the token cheaply as it shows significant growth potential in the coming months.
Use promo code: BUYBLUNT to get 20% bonus on your purchase. Valid until January 31
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