NSAV Holding Inc (NSAV)

[nnvcfan]

In the context of NSAV’s CEX (Centralized Cryptocurrency Exchange) and DEX (Decentralized Cryptocurrency Exchange), “chains” refer to the underlying blockchain technology that supports these platforms. Here’s a breakdown of what this means:

CEX (Centralized Exchange): A CEX like NSAVx.com is a platform where users can trade cryptocurrencies in a controlled environment managed by a central authority (in this case, NSAV). The “chain” in a CEX refers to the blockchain on which the exchange’s transactions are recorded. This blockchain ensures security and transparency of trades, but the control over the transactions and the user’s funds are centralized.

DEX (Decentralized Exchange): A DEX, on the other hand, operates without a central authority. Users trade directly with one another (peer-to-peer) and maintain control of their wallets and funds. The “chain” here refers to a decentralized blockchain that enables this peer-to-peer trading. NSAVDEX, for example, is described as a permissionless fully decentralized exchange platform that allows for swapping, mining pool participation, liquidity provision, and trading.

Both types of exchanges use “chains” or blockchains to facilitate and record transactions, but the key difference lies in the level of centralization and control. CEXs are managed by a single entity, while DEXs distribute control across their user base, often using smart contracts to automate the trading process.