We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives

We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives


There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets.

The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis.

The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back to the core tenets of crypto, such as decentralization, self-custody, transparency, and censorship resistance. People are naturally turning to DeFi (decentralized finance). Unfortunately, much of DeFi is not yet ready to act as a suitable substitute.

Trending: How America’s FBI Is Starting to Look An Awful Lot Like the KGB

In this article, I will talk about two of the most important challenges: how to make DeFi more accessible to new users and how to improve its performance when compared to centralized services.

The Onboarding Problem and Its Solution

The problem with getting new users

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend