https://1.bp.blogspot.com/-sUOU1eA6r...0383247934.png
The decentralized finance (DeFi) sector is the blockchain movement's most exciting development. It is revolutionizing all aspects of finance by placing monetary structures on blockchain. This movement is easing access to financial services, eliminating traditional finance infrastructure that marginalizes large swathes of the global population.
Using public blockchains does away with expensive and time-wasting intermediaries like banks. Peer-to-peer networks keep the new financial system secure, eliminating all single points of failure or centralized governance.
Encryption on the other hand, enhances user privacy. Decentralization is vital to the empowerment of this novel wealth generation and distribution channel.
The Ethereum blockchain has made massive contributions to the development of decentralized finance. Leveraging smart contracts and decentralized applications or dApps, Ethereum is taking DeFi to the people.
Ethereum dApps have played a huge role in decentralizing the cryptocurrency trading market, a vital component of blockchain development. All blockchain users need cryptocurrency exchanges to access the liquidity that is powering the growth of its applications.
Centralized exchanges like Coinbase or Binance once dominated the crypto trading scene. These exchanges may help in the exchange of value on blockchain, but their functioning goes against the ethos of the technology.
To use a centralized exchange, you have to submit the control of your crypto assets or your private key to the exchange for safekeeping. This makes the centralized exchange a single point of failure. Fortunately, developers have come up with decentralized exchanges or DEXs such as D4D.com.
Decentralized crypto assets trading on D4D
DeFi exchanges like D4D abide by blockchain's disintermediation feature, by eliminating all third-party players via the use of smart contracts. Smart contracts are automated codes that self execute when all parties meet the conditions of trade.
These smart algorithms can oversee the clearance of transactions for instantaneous trades. One of the best features of DEXs is their lower costs of transactions. They also use non-custodial frameworks giving you control of your private keys.
At D4D, you will not need to undergo rigorous KYC or Know Your Customer process. DEXs do not have to follow the Anti Money Laundering standards, as is common in centralized exchanges. Better still, D4D protocols implement liquidity pools to facilitate trades.
Visit: https://www.d4d.com/
