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Juan19d ago
Explain where I’m wrong A CEX is like the towns water department. There’s a single entity responsible for providing you water. You fail to pay, they shut you off. A DEX is like the whole town having a backyard well but instead of just connecting to your house, it also connects to the pipe under the road. If you or I stop providing water, the rest of the homes provide it. As long as I provide water, I get paid by how much goes out. This is like me connecting my wallet to Hyperliquid, setting my Monero price, and receiving any approved crypto in exchange for my Monero. Reto is similar to you coming over and asking for a bucket of water. It’s decentralized in the fact you can ask any or all of your neighbors for buckets of water. It is using TOR so instead of you going to my front door from the street, you come to the back door after going through 2-12 backyards to my house. Is that really a decentralized exchange or is it a decentralized Craigslist?
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