What is a distributed exchange and how does it work in relation to stellar ?
A distributed exchange is a type of cryptocurrency exchange that operates on a decentralized network, rather than a centralized server.
This means that the exchange does not rely on any single entity or organization to facilitate trades. Instead, it is powered by a network of computers that are connected to each other and can communicate with each other in order to facilitate trades. In relation to Stellar, the distributed exchange works by allowing users to trade assets on the Stellar network without having to go through a centralized third-party.
This means that users can trade directly with each other without having to trust any single entity or organization. The Stellar distributed exchange also allows users to trade assets across different blockchains, which is not possible with traditional exchanges. The distributed exchange also allows for faster and more secure transactions than traditional exchanges as it does not require any third-party intermediaries.
