I learned the unfair advantage of a decentralized application when my exchange was hacked

Last week PancakeSwap, the decentralized exchange where I put my money, suffered a hack. I didn’t lose anything. When things got back to normal, I bought more CAKE (PancakeSwap’s native token) to celebrate. Thanks to this incident, I realized the decentralized application’s unfair advantage over the centralized one in terms of security.

What is Pancake Swap?

PancakeSwap is a decentralized exchange of cryptocurrency. The logo is a pancake in the form of a…