"Don't trust, check"


This comment is very well known in the world of blockchain. Much has been written on this subject and much more will be written, the more the use and adoption of cryptocurrencies advances. This will form an essential part of our life, its everyday life and its depth will mean a step forward in our lives.

This is the main reason why decentralized finance (DeFi) advances and progresses to an increasingly simple adoption since they evoke the construction of an open financial system, without the need to have a central authority to depend on or have the danger that That "trust" will hold your money back.

With the support of the blockchain, an ecosystem is built that allows the integration of facilities, already known, and unite them in a functional platform. The world of DeFi's has interesting products such as lendings, decentralized exchanges (DEXes), derivatives, assets, among others.

Obviously and at this stage, the ones who dominate are the loans and the DEXes, reaching the top positions of the DeFi table. It is clear to see that lendings are a fast growing product and that little by little it will suppress that effect that we see in institutional banks.

Even though decentralization is a concept that is still not fully handled well by many of our community, and even though not all fully decentralized, the use of these finances prevents the risk of manipulation by other people and under the management of smart contracts, any registration on the blockchain is prevented and secured, assuming that a clean and smooth exchange is ensured. Currently, the total value locked (TVL) amounts to 5.83 Billion; something quite real for the maximalists who criticize this area of cryptography.

 

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DeFi's give movement and reason for a change to the cryptographic world; The blockchain drives this movement by providing a verifiable technology, criticized by many detractors, but that does not hide anything, with ecosystems growing every day, its valuation, backed by tokens such as ETH, is shown to be an extremely efficient and versatile market.

The great importance of the DeFi's is undoubtedly a manifestation that we all want a change and we are placing our trust in a verifiable code and not in a strange opinion, that needs change and that its resurgence as an institutional figure is already soon to disappear.

It is a matter of time for everyone to detach from centralization and seek a freedom that only this cryptography can offer.

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alquimista1501
alquimista1501

I am a Venezuelan, worker, father of a family who fell in love with this crypto world; I love reading news related to the crypto space, from the technological performance to the shape and concept of each currency in this world.


Cryptographic Alchemy
Cryptographic Alchemy

This blog contains my opinions on the world of cryptocurrencies, and how these digital records are the key to the change towards a new future, but that in many cases, we already live in the present. Always remembering that cryptos, and especially Bitcoin, are inevitable.

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