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Why decentralized finance?

Answers (1)

Arsalan Afzal
Feb 15, 2022 12:32:56

There are a few key reasons why decentralized finance is becoming more and more popular. Here are a few of the most important ones: 1. Decentralized finance is more secure than traditional finance. Because there is no central authority controlling or overseeing transactions, it's much harder for hackers to steal funds or information. This makes decentralized finance a much safer option for online transactions. 2. Decentralized finance is more democratic than traditional finance. Transactions are handled by smart contracts rather than by a small group of people, so everyone has an equal opportunity to participate in the financial system. This makes it a fairer system for everyone involved.

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