From DEX to TEX: Is it the Superior Type of Exchange?

Introduction Within the realm of cryptocurrency trading, two types of exchanges dominate the landscape: centralized exchanges (CEXs) and decentralized exchanges (DEXs). However, a novel form of exchange called Transparent Exchange (TEX) is beginning to emerge as a potential disruptor of the established rules. This article delves into the transition from DEX to TEX and explores whether TEX offers a superior trading experience. DEX vs TEX Decentralized exchanges (DEXs) have ushered in a transformative era for the cryptocurrency industry, characterized by heightened transparency and security. These exchanges operate on smart contracts, enabling peer-to-peer transactions devoid of intermediaries, while simultaneously ensuring on-chain transparency and traceability of all transactions. Despite the manifold benefits presented by DEX, they encounter certain challenges such as convoluted user interfaces and steep learning curves, impeding widespread adoption by users who, even in the face of...