Greetings friends! In this article we will tell you about DeFi 2.0 and TBCC’s deepening of decentralization. Enjoy reading😊
What is DeFi 2.0?
DeFi 2.0 is a collection of projects aimed at solving the problems of DeFi 1.0. When the first version leans toward decentralization, DeFi 2.0 is forced to meet the KYC and AML requirements of the countries in which the solution will be located and with which countries it will work.
DeFi 2.0 will solve such problems of the first version as:
- Scalability. DeFi blockchain protocols with intensive data transfer and high fees often provide a slow and expensive service. Simple transactions take too long and are not cost-effective.
- Centralization. The goal of DeFi should be to increase decentralization. However, many projects still lack DAO management principles.
- Security. Most users don’t understand or manage DeFi risk. They are stealing millions of dollars in smart contracts that they are not sure are secure. As updates are implemented, various DeFi protocols become vulnerable to hacking.
TBCC and Decentralization
Due to the collapse of FTX crypto exchange, we decided to move towards decentralized solutions for DeFi 1.0 and 2.0. Our exchange will continue to function as before, we just shifted our development focus.
We are fully focused on developing TBCC Finance and its usefulness for the crypto community. TBCC Finance as a full-fledged product will come out in a growing market, so now we have time to constantly refine and fix nuances.
Thanks for reading🥰