What are decentralised exchanges, what performance and security trade-offs are related to different architectural choices and why are these exchanges a critical tool for purchasing and selling? This guide deconstructs everything you need to know.

Discover the basics, such as the different types of architectures and their basic components including:

• Technical implementations
• Discovery mechanisms
• Order matching algorithms
• Transaction settlement protocols

Not all decentralised exchanges are the same, with each having its own latency, security, interoperability and privacy capabilities. This goes to show just how diverse applications and protocols are across different exchanges. Development may well continue to give cryptocurrency users greater control and privacy of their funds.