6min chapter

Lex Fridman Podcast cover image

#192 – Charles Hoskinson: Cardano

Lex Fridman Podcast

CHAPTER

Decentralized Exchanges - What's the Point of a DEX?

The point of exchange is to build you a marketplace where bids and asks can find each other. The biggest existential problem for DEX is right now is the concept of regulation. One of the gatekeepers to crypto when you're a cryptocurrency developer are the exchanges. So having a DEX, you don't have that problem. You have open listing and you basically just put the asset into it and if anybody wants to trade it they will.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode