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Jack Dorsey’s Decentralised Bitcoin Exchange: What is tbDEX and how is it different from other exchanges?
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cnbctv18.comJack Dorsey's digital payments business Square has released the draft design principles and ambitions for its decentralised bitcoin exchange called tbDEX. A whitepaper on the company's website read: “An open, decentralized financial system will enable all people to exchange value and transact with each other globally, securely, and at significantly lower cost and more inclusively than what traditional financial systems allow.” Decentralized crypto exchanges (DEXs) were created to remove the need for an authority to oversee and authorise trades performed on a specific exchange.
They do not involve any third-party intervention, unlike centralised exchanges that operate much like banks. Most exchanges in India are currently centralised. Also
. Read more on cnbctv18.comAbout this in other media
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