We have talked about decentralization a lot of times, but today, let’s talk about why it is believed that the DeFi market is promising? Should the DeFi market have some higher purpose than simply generating profits?
Everyone who is observing the cryptosphere can’t but notice how rapidly it is developing in comparison with traditional economy with its principles that have stayed the same throughout thousands of years. In 2008, Bitcoin got in the game, and it was a landmark event. Today, 12 years later, BTC is no longer considered state-of-art. More advanced projects working on blockchain technology are emerging – fast, smart, reliable, and easy to use even for newbies. Let's see why the decentralized finance market is one of the most exciting areas today.
The goal of decentralized financial platforms is to completely overhaul the traditional system of monetary transactions in the most open and seamless manner possible. Many are fascinated by this area because of the ability to create and launch censorship-resistant products, as well as because of the interesting and promising technology that opens up a huge scope for experimentation.
DeFi is sometimes referred to as "LEGO money" for its modularity. By connecting different decentralized applications, you can create completely new projects, simultaneously increasing their user-friendliness, and maximizing your profit.
Why is DeFi innovation so important? Above all, decentralized finance thrives in settings without regulatory oversight. This ensures complete protection of personal life. One of the main challenges on the way to global blockchain development is the hostile environment of outdated laws and regulations, and some DeFi projects have already failed because of this.
AMPLIFY has a higher goal in DeFi, and aims to reform the modern industry: we are creating a system that will be transparent, reliable and easy to use. A system without bureaucracy and corruption, a system that is always the best option. If you, just like us, are fighting for a higher cause in DeFi — join our project and make your contribution to the future!
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