DEX: Decentralized exchange system
In simple terms, this is a system where there is no custodian to oversee cryptocurrency transactions between individuals. There are direct peer-to-peer transactions using blockchain technology instead of a physical custodian as the medium between the buyer and seller.
Decentralized Finance (DeFi) is a new financial system based on distributed ledgers similar to those used in cryptocurrencies. The system decentralizes authority over money, financial products, and financial services from banks and institutions
PancakeSwap:
To understand in depth what a PancakeSwap is, we need to understand the meaning and functions of tokens:
A crypto token is something completely different from a cryptocurrency like Bitcoin. The main difference lies in their utility. To be precise, all coins are tokens, but not all tokens can be called coins. Coins run on their own specified blockchain, while tokens can run on any blockchain and work on blockchains of cryptocurrencies.
A PancakeSwap is a decentralized exchange system built on the Binance Smart Chain (BSC). It is used to swap BEP-20 tokens. The food-focused pancake token also offers essential services such as yield farming and exclusive trading features to increase token usage. It is entirely focused on improving the customer experience and adding value to the decentralized exchange platform.
PancakeSwap uses an automated market model. This means that while you can trade digital assets on the platform, there is no order book to match you with anyone. Instead, you trade against a liquidity pool.
Features of PancakeSwap:
Why choose Brugu Software Solutions for a platform like PancakeSwap?
Brugu is considered the leader in this industry in blockchain technology. Our team is very efficient and able to provide the best service when it comes to the decentralized exchange system and DeFi. Our work has been praised by our clients all these years in terms of efficiency and timeliness.