If a system is only as strong as its weakest link, then the centralized exchanges that allow buyers and sellers to trade cryptocurrencies are hampering the growth of the decentralized financial industry.

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These exchanges have proven to be attractive targets for governments and hackers alike, in turn highlighting the need for a decentralized trading infrastructure without a single point of failure.

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As part of our mission to make decentralized trading accessible -- and with the hope of accelerating mass adoption of decentralized exchanges -- we present a report that will elucidate some of the key concepts of the decentralized exchange industry.

David Bleznak Founder & CEO, Totle