Decentralized and centralized financial systems and Barter’s offer

Nansy Dunne
bartersmartplace
Published in
2 min readNov 23, 2020

Hello everybody! 👋🏻 Today we will tell you about decentralized and centralized financial systems, and what barter offers us.

Financial services involve a centralized approach, controlled by central governments that are responsible for issuing currency, regulating its flow, and facilitating trade. We are used to managing our finances with this time-honored method. But changes in the financial system are inevitable if it is not as efficient or does not serve the needs of a larger mass.

Cryptocurrency trading allowed us to safely shop for goods and services. Crypto exchanges have been centralized for a long time, but after several precedents with their security, the crypto exchange market began to massively move towards decentralization.

DeFi stands for Decentralized Finance and acts like a financial ecosystem built on top of the blockchain. DeFi provides a fully decentralized option for a secure financial system.

Decentralized finance can include digital assets, protocols, smart contracts, and decentralized offerings.

✅ The Barter Project uses the DAO (Decentralized Autonomous Organization) control strategy in its development and promotion policies. DAO’s policy grants control over its investments and the overall management of the company.

Today Barter applies such opportunities for decentralized trading as:

✔ smart contracts with full legal force;

✔ barter trading, the implementation of which takes place without financial transactions.

With the introduction of Barter Smartplace, market transactions are private and secure. The advanced technologies used in the development of the Barter platform ensure the confidentiality of data, the speed of performing exchange operations, which allows you to trust every member of the ecosystem.

📢 Join the Barter project and reap the benefits of decentralized asset trading!

Find out more: http://barter.company/

Join the community: http://t.me/barterteam

Telegram wallet: http://t.me/barterwalletbot

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