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@Oluwashinadunt1 I think all this indices doesn't attract significant discussion nor Social hiccup in a degenerating economy...we all stop talking digit (indices) facade and focus on Survival.
@DeFiMeow Please can you help me get on track...I tried get some info on this project but couldn't...even on Fantom ecosystem...I couldn't see anything related...I will be so grateful.
DAO ↔️ Decentralized Autonomous Organisation. It is an automatic and decentralized management structure that serves as the board of directors. It eliminates human error/manipulation of funds and it draws conclusion by the opinion of the majority using a voting process.
4. The Power of Decision Making: In the system we have in the world today the power of decision making lies solely in the hands of the government councils monetary policy committees and other economic departments, but in Decentralized Finance we have what is called
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3. Global Accessibility: DeFi is a system of money management that is so boundless that anyone, anywhere can participate in this system without any limitations unlike our system today where your presence is more often than not needed for transaction to be processed.
In a permissionless system, you are your own bank and your own banker, all you need to process a transaction is only a decentralized wallet like @TrustWallet, @iSafePa, @MetaMask, @TokenPocket_TP, @MathWallet, and the likes
2. Permissionless system of money management: You need nobody to approve transactions before you can do with your money whatever you wish. unlike our traditional system of money management where you will have to fill in one or two details for a transaction to be processed.
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The why?
1. DeFi is powered by Blockchain Technology: for the fact that DeFi is powered by the blockchain technology makes information more reliable because transactions on the blockchain is being recorded, meaning there is transparency in the system.
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So as a compound word, Decentralized Finance simply means a system of money management where transactions can be carried out successful without an involvement of a third party.
DeFi ↔️ Decentralized Finance.
Decentralized which means a state of control/power not being handled by a single party, government or organization. And Finance means anything that has to do with money management, be it investment, lending, saving, borrowing, budgeting and so on.
@Jeff_eJ@SavvyRinu This is terrible for this country.....it's an advantage or plot they intend to deploy....cuz with this happenings their will be high influx of PVS for these Politicians and their parties to access.