Decentralization Archives - Blockchain Insider https://bcinsider.my/tag/decentralization/ Blockchain, Bitcoin, Money Sun, 30 Aug 2020 22:52:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://bcinsider.my/wp-content/uploads/2020/11/cropped-logo-favicon-blockchain-insider-32x32.png Decentralization Archives - Blockchain Insider https://bcinsider.my/tag/decentralization/ 32 32 ROTD : Decentralized Finance https://bcinsider.my/rotd-decentralized-finance/ Sun, 30 Aug 2020 22:47:46 +0000 http://bcinsider.my/?p=1035 How do we avoid simply recreating a new version of the same old system? The answer is part learning from the past, and part joining with and supporting the projects and teams who are truly building the financial future today.

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]]> All are in agreement that the existing financial system is broken, but are slightly at odds in terms of how to fix it. In a sense, each of these networks represents a new, if partial, vision of what could make for a better system.

  • Celo leverage cryptographic tools and mobile phones to put financial instruments into the hands of the world’s unbanked.
  • Compound reduce friction in financial markets, replacing it with speed, efficiency and openness.
  • MakerDAO manage to keep something of a stable peg by way of incentives rather than physical backing.

In a way, each new project represents a new and different take on what the financial system can be — or even what it should be.

Centralizatin vs Decentralization – Finance

Further reading:

A better system allows for broad participation, bringing the ideals of open source and decentralization to a new, more fair and more equitable market structure.

How do we avoid simply recreating a new version of the same old system? The answer is part learning from the past, and part joining with and supporting the projects and teams who are truly building the financial future today.

Crypto has a chance to upgrade the legacy financial system

https://cointelegraph.com/news/crypto-has-a-chance-to-upgrade-the-legacy-financial-system

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