Senior Brother's Insights

Feb 26, 2018 · Blockchain

How Decentralized Exchanges Work: EtherDelta, Kyber Network, and JOYSO Explained

This article explains the fundamentals of centralized and decentralized cryptocurrency exchanges, describes key concepts like wallets, signatures, and smart contracts, and compares three Ethereum‑based DEX implementations—EtherDelta, Kyber Network, and JOYSO—highlighting their architectures, advantages, and limitations.