connect borrowers with individual lenders, cutting out traditional financial institutions. These platforms can offer lower interest rates to borrowers and higher returns to lenders, while providing mo...
decentralization. These include regulatory uncertainty, scalability issues, security vulnerabilities, and the potential for misuse by bad actors. Overall, exploring the concept of global financial de...
ledger that is immutable and transparent. This means that every transaction is securely recorded and cannot be altered or tampered with, providing a high level of trust and security for users. In add...
predetermined rules. 5. Decentralized insurance: Smart contracts are being used to create decentralized insurance protocols, where users can purchase insurance coverage against specific risks. Smart ...
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Created on: 2024-08-28 19:55:22