What made DeFi a trend

Hello! Today we will tell you why DeFi is so popular.

📌 The Decentralized Financial Sector (DeFi) is growing steadily and there has been a lot of buzz around it lately. Let’s see what made it so popular.

📌 So far, 2020 hasn’t been the best time for many traders, but DeFi has certainly changed that, expanding exponentially. They passed a key milestone in February when the total value of tokens locked in DeFi apps reached over $ 1 billion.

📌 At the heart of DeFi is the idea that crypto entrepreneurs can recreate traditional financial instruments in a decentralized architecture without being controlled by companies and governments.

📌 The first implementations of DeFi were Bitcoin and Ether. Both cryptocurrencies were the first decentralized alternatives to fiat that were not under centralized control. For a reason, investors see bitcoin as gold, an anti-inflation tool, while ether is a useful fundraising tool for startups.

📌 People initially became interested in DeFi because “they are close to libertarian views.” They like the ability to create products that are protected from outside influence, and some developers like the technology itself and its capabilities.

📌 Decentralized financial solutions “can make our financial systems more transparent, more resilient and less fragile,” said Salil Deshpande, partner at Bain Capital Ventures.

🔗 Barter Smartplace

🔹 Barter Smartplace is a decentralized financial project that pays special attention to the confidentiality of the parties, which are the basis for exchanging large amounts of money with the conclusion of a digital legal contract.

🔹 In Barter, when a contract has been awarded, a digital copy of the barter agreement is recorded on the blockchain, but it may not be available to the public upon request.

the parties to the contract and the secret key are subject to its review.

🔹 The zk-SNARK privacy protocol allows you to use several types of secret transactions.

🔹 Barter blockchain is developed on the basis of the largest Ethereum platform. The D-POS based Barter blockchain has several advantages over conventional decentralized PoS. In particular, it has high scalability, high processing speed, and the security state of the network is maintained by a limited number of publicly verified validators.

Join the Barter Smartplace confidential ecosystem today: http://barter.company

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Join our community: t.me/barterteam
Telegram-wallet: t.me/barterwalletbot