How does wave exchange work?

How Does Waves Exchange Work? Like most other cryptocurrency exchanges, the Waves Exchange also operates on a decentralized ledger called a blockchain network . The only difference is that it has built its own blockchain network that is secured by a novel consensus mechanism called LPoS or the Leased Proof of Stake.3 Mar 2022

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What is Wave Exchange?

The Waves Exchange (formerly Waves DEX) is a fast and secure decentralized trading environment for Waves-based assets and other supported cryptocurrencies, like Bitcoin (BTC) and Litecoin (LTC) . This includes a range of Neutrino-powered fiat stablecoins, such as EUR Neutrino (EURN) and GBP Neutrino (GBPN).

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How Safe Is Waves Exchange?

Reliability. Thus far the WavesDEX has proven itself to be a reliable exchange for trading cryptocurrencies . Traders funds are considered to be safer than on regular cryptocurrency exchanges because the funds are held in personal cryptocurrency wallets, rather than on a centralized exchange database.

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