đ¸FUTURE OF DEFI - HOW WOULD IT LOOKđ¸
Defi (Decentralised Finance ) is on the way to top as we are seeing More and more Innovations and Adoptions in the tech.
But what exactly defi is ?
Letâs see in the simplest words possible defi is a finance system that helps in Smart contract execution, faster Techs and more transparency.
In defi the Transfer of asset can happen through a blockchain, And smart contracts can be executed. Smart contracts are premissionless contracts between 2 or more parties That would be automatically executed once the conditions are met
Also Proof of transactions on a blockchain are present to common public means more transparency. And as compared to other payment transfer solutions Itâs cheaper and faster.
What does future looks ?
So in future like 3-5 years we can see even daily trsnactions happening through the defi technology
Like Your daily payments to merchants , Shopping etc.
Beside that it could serve bigger purposes such as international money transfer, international Deals being executed through smart contract technology and much more
Are u excited to witness the future ?
