Centralized and decentralized exchanges. How Itheum will change the data broker industry.
Investors should understand that they can trade cryptocurrencies on different exchanges. Understanding the advantages of different types of exchanges can have a huge impact on financial performance.
To understand how and where you can buy digital assets, first we will compare the two most popular types of crypto exchanges.
It should be understood that the CEX - exchanges are managed from a single center, control over transactions, security means. The disadvantage of such exchanges is that they are not anonymous, because they keep investors' personal data, private keys, funds on hot wallets. This can definitely pose a threat to investor information. Many CEX has also been accused of fictitious trading and volume manipulation. On the plus side, you can work with fiat, wide trading opportunities and liquidity.
The advantage of DEX compared to centralized exchanges, which store data in a single center, anonymity when exchanging, private keys in the hands of the owner, no KYC (identity verification), no one can block your account. Decentralized platform based on distributed registry technology and powered by smart contracts.
Let's look at what Itheum offers today - a set of tools that enables decentralized data sharing and trading, which enhances data ownership and increases the market value of user data. Itheum has a hybrid model that will allow creators to sell, verify, and validate ownership of data on the network while the data is stored offline. The main part of this model is Data DEX (decentralized exchange), which is first verified, hashed, then encrypted. Itheum Data DEX currently allows you to trade your data in two ways: via data bundles or NFT data.
Itheum expands data ownership in the Web3 and Metaverse ecosystems and creates new market value for your data.