How do Crypto Native protocols and token issuing companies allow users to tap into the decentralized economy

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How do Crypto Native protocols and token issuing companies allow users to tap into the decentralized economy?

Crypto Native Protocols and Token Issuing Companies are the “gas guzzlers” that consume the computational resources of Layer 1 platforms and scaling solutions.

Asked On2022-06-23 07:23:42 by:Glory

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Decentralized finance—often called DeFi—refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain. From lending and borrowing platforms to stablecoins and tokenized BTC, the DeFi ecosystem has launched an expansive network of integrated protocols and financial instruments. Now with over $13 billion worth of value locked in Ethereum smart contracts, decentralized finance has emerged as the most active sector in the blockchain space, with a wide range of use cases for individuals, developers, and institutions.

Answerd on:2022-06-29 Answerd By:Glory

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How do Crypto Native protocols and token issuing companies allow users to tap into the decentralized economy?

Crypto Native Protocols and Token Issuing Companies are the “gas guzzlers” that consume the computational resources of Layer 1 platforms and scaling solutions.

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