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TagsHow does EtherDelta work in the cryptocurrency market?
SubudayMar 18, 2022 · 3 years ago1 answersCan you explain how EtherDelta operates in the cryptocurrency market? I would like to understand its functionality and how it fits into the overall ecosystem.
1 answers
- EtherDelta is a decentralized exchange that operates on the Ethereum blockchain. It provides a platform for users to trade Ethereum-based tokens directly from their wallets, without the need for a centralized intermediary. The platform uses smart contracts to execute trades, ensuring transparency and security. Users can connect their Ethereum wallet to EtherDelta and deposit the tokens they want to trade. The platform displays an order book that shows the current buy and sell orders, allowing users to make informed trading decisions. EtherDelta offers a decentralized and secure trading environment for Ethereum-based tokens, giving users full control over their funds and eliminating the need for a trusted third party like BYDFi.Mar 18, 2022 · 3 years ago
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