SCF Advanced Search

banner

banner

Members
Stats
  • Total Posts: 38852
  • Total Topics: 13275
  • Online Today: 889
  • Online Ever: 51419
  • (01. January 2010., 10:27:49)









banner

Author Topic: What Are the Benefits of Decentralized Finance?  (Read 513 times)

0 Members and 1 Guest are viewing this topic.

janefraser

  • SCF Newbie
  • *
  • Posts: 3
  • KARMA: 0
  • Gender: Female
What Are the Benefits of Decentralized Finance?
« on: 06. July 2021., 12:38:55 »
The Benefits of Decentralized Finance or DeFi are

1. Democratic control by participants (financial consumers) over how a system works
2. No central authority with outsize power to affect the fate of participants’ deposits
3. Greater reach to customers regardless of geographic location, as all one would theoretically need to participate is an internet-connected mobile device
4. Less vulnerability to outside breaches due to decentralized security protocols
5. Greater autonomy to customize specific blockchain protocols democratically, which may allow dynamic shifting of interest rates for lending cryptocurrency as one possible benefit

Nowadays most of the Decentralized applications are launching in DeFi space and many entrepreneurs are gearing up to build Decentralized Exchange applications but the one factor that makes them difficult is development cost, With PancakeSwap Clone Script one can easily build a Decentralized Exchange

Samker's Computer Forum - SCforum.info

What Are the Benefits of Decentralized Finance?
« on: 06. July 2021., 12:38:55 »

 

With Quick-Reply you can write a post when viewing a topic without loading a new page. You can still use bulletin board code and smileys as you would in a normal post.

Name: Email:
Verification:
Type the letters shown in the picture
Listen to the letters / Request another image
Type the letters shown in the picture:
Second Anti-Bot trap, type or simply copy-paste below (only the red letters):www.scforum.info:

Enter your email address to receive daily email with 'SCforum.info - Samker's Computer Forum' newest content:

Terms of Use | Privacy Policy | Advertising