Let's know more about DeFi and its main features
author: @dgalan, through the Power Point 2010 tool, and using the public domain image pixabay
First of all a big greeting to all friends of steemit and especially to the members of this prestigious community such as PH, today I want to share with you all this publication related to the DeFi and its characteristics, to know a little about these smart contracts that can generate us many resources in this world of Blockchain.
We can start by pointing out that DeFi are Decentralized Finance, i.e. groups of financial instruments built on the blockchain that are not controlled by any entity, unlike traditional Finance that is governed by banks. These DeFi in turn are executed through smart contracts that are automated on the Blockchain and without intermediaries.
The Fundamental Characteristics of DeFi.
-They are also very secure since they use cryptographic techniques and their access and use is done by authorized users.
-It has a very high level of decentralization since it does not depend on bureaucratic chains.
-There are no intermediaries between the user and the platform, which makes the process much faster and is performed by the blockchain.
-It is very transparent as each transaction can be auditable because it is on the blockchain.
-No matter where you are located, anywhere in the world can enter without any inconvenience to the platform, that is, it has no borders.
-It allows access to many people who are not linked to any financial service, giving them the opportunity to have financial freedom.
-It allows a diversification of the economy for both personal and business development in the short, medium and long term.
To conclude I want to inform you that my friend @xpilar and his team made a launch of a @wox-exchange, I invite you to check it out as it meets many of the features I mentioned.
You can also enter and get more information in his official discord group: https://discord.com/invite/8FZ6WGkEzs
This is a nice content that I seriously love. One stand alone reason I love defi is because it runs in the blockchain and everybody with cryptocurrency knowledge can key into it.
Greetings @tfame3865
Correct it is a great alternative of investing without intermediaries on the Blockchain blockchain, I am sure we will see a large number of them very soon.
Thank you very much for your comments
Hi @dgalan, these are important features that we should know about the DeFi system, certainly aspects that we should know and that highlight the advantage of this financial system over the traditional one. Greetings!
Greetings @emiliomoron
It is very true my dear to be able to know the characteristics of DeFi will allow you to be able to have a different view of it and the forefront of decentralized finance.
Thank you very much for your comments
Hi friend @dgalan
Thanks for socializing this kind of content, no doubt it will be of great help for those users who want to know about DeFi, the world linked to decentralized finance is impressive and sooner rather than later it will take a giant leap by adding more investors than the traditional system.
Best regards, be well.
Greetings @lupafilotaxia _
Defi will undoubtedly consolidate as an investment alternative in a very short time and also because they are decentralized, they will attract many interested parties.
thank you very much for your comments
Greetings @lupafilotaxia _
Defi will undoubtedly consolidate as an investment alternative in a very short time and also because they are decentralized, they will attract many interested parties.
thank you very much for your comments
I just bumped into one of your recent posts @dgalan
It's already few days old so I'm not even sure if you will still read any comments. Hopefully you will. Either way - upvote on the way.
Moving back int your topic:
Truth be told, I sometimes wonder if so called DeFi are indeed decentralized in any shape or form? As far as I'm concerned, only AAVE is fully decentralized.
Pretty much all remaining DeFi (either it's pancakeswap, uniswap, robiniaswap etc) are having centralized teams behind them. Which means, that they can be fully controlled by 3rd parties (like our goverments).
Wouldn't you agree?
Stay safe and have a great weekend ahead,
Cheers, Piotr
In theory, DeFi is decentralized, but in practice there are many examples where this is not the case.
It is very true your appreciation and I share it, since many DeFi do not fulfill their promises and this is what makes them change the criteria of decentralization.
Thank you very much for sharing your opinion with me my friend @crypto.piotr
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Hello @dgalan!
Defi is the trend nowadays, and actually this feature "It is very transparent as each transaction can be auditable because it is on the blockchain." is really what makes me love defi and its projects everyday more and more since it really allows us to see things that are hidden and can't be accessed centralized finance.
In addition, the direct relation between the user and platform makes it way more relaxing to use!
Thanks for sharing!
Greetings @ lennyblogs
No doubt that the Defi are more transparent and one of the main features is the relationship users, platform without intermediaries.
thank you very much for commenting