Financial Inclusion
The decentralisation system is particularly beneficial to the democratisation of banking and finance. DeFi could provide everyone with easy and efficient access to financial services.
immutability
It is nearly impossible to manipulate any record on the blockchain network thanks to immutability. Immutability, in addition to the benefits of decentralisation, provides a promising assurance of security. Surprisingly, the blockchain immutability features ensure the integrity of DeFi solutions in carrying out financial transactions.
No Middleman In Landing and Borrowing
DeFi has also played an important role in promoting the development of peer-to-peer lending and borrowing solutions. End-users stand to benefit greatly from these types of lending and borrowing solutions.
Trust And Transparency
Decentralization obviously implies greater transparency, and the distributed ledger contains information about all blockchain network activities.
Topic: Advantages OF Decentralized Finance Over Traditional Financial System (Read 44 times)
April 11, 2022, 04:22:18 AM
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