> For the complete documentation index, see [llms.txt](https://docs.pairs.xyz/pairs-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pairs.xyz/pairs-whitepaper/introduction.md).

# Introduction

[Background: The Evolution and Significance of Decentralized Exchanges In Blockchain](/pairs-whitepaper/introduction/the-evolution-of-dexs-in-blockchain.md)

[The Hurdles: Dealing with DEX Limitations](/pairs-whitepaper/introduction/dealing-with-current-dex-limitations.md)

[Introducing Pairs](/pairs-whitepaper/pairs.md)