What is DeFiChain?

DeFiChain gives users access to a wide variety of decentralized financial tools and makes real world assets like stocks, commodities and ETFs tradeable in a decentralized manner. Before we dive deeper, let’s first understand DeFi.

‍What’s Decentralized Finance (DeFi)?

DeFi is a blockchain-based financial system that offers the same services as traditional finance, but without relying on centralized intermediaries such as brokerages, exchanges, or banks. They are slow, expensive, and require you to blindly trust them. They could freeze your money, block your account, deny access to specific asset classes or levy ambiguous fees. DeFi gives you freedom from all that.

‍Advanced DeFi applications

DeFiChain’s goal is to bring advanced DeFi applications and services to everyone. It offers liquidity mining, staking, decentralized assets, and decentralized loans to users worldwide. DeFiChain allows users to mint and trade dTokens to get price exposure to stocks and ETFs without leaving the DeFi ecosystem.

‍Environmentally-friendly

DeFiChain has been alert about the environmental crisis since its inception. This is why despite being a hard fork of Bitcoin (which uses the energy-intensive Proof of Work consensus), DeFiChain is built with the Proof-of-Stake (PoS) consensus mechanism, which utilizes minimal energy. This way, it does not subject the environment to much damage while retaining Bitcoin's security. 

‍Robust Security

Security plays an incredibly important role in finance. Nobody wants to lose their capital when investing. DeFiChain offers cutting-edge security by relying on non-turing completeness – just like Bitcoin. That’s as secure as a DeFi ecosystem can get. On DeFiChain, the dApps are protected by the native blockchain consensus, programming commands are greatly simplified, and decisions are made through DeFiChain’s DAO which is represented through its masternodes.

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