Decentralized Nature of ViCA Platform

opakunbi ayokunle
1 min readJan 13, 2022

ViCA is a decentralized platform that powers billions of devices and decentralized applications across the physical and digital world.

ViCA platform uses decentralization, trusted nodes, premium data, and cryptographic proofs to connect highly accurate and available data/APIs to any smart contract.

Decentralized platforms are not controlled by an authority or an individual and offer greater flexibility with respect to their features. They offer more secure transactions and privacy of your wallet, as there is no registration or KYC process involved.

One of the most important advantage of a decentralized exchange is that the user or trader has complete ownership of his virtual assets, while they are owned by a specific authority on the centralized exchanges. This can be a major risk in terms of attacks, data breaches, or theft, as any vulnerabilities in a centralized exchange can lead to you losing all your assets.

For further information, please visit the link below;
https://medium.com/@vicafoundation/the-difference-between-centralized-and-decentralized-exchanges-cd9bb84c398d

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