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DEFI SMART CONTRACT (1)

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DEFI SMART CONTRACT (1)

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  1. DEFI SMART CONTRACT

  2. Welcome To Our DEFI Decentralized finance (DeFi) is the fastest growing sector within the global blockchain ecosystem, but it is still nascent and has untapped potential. A growing number of developers are producing sophisticated dApps (decentralized applications) for various financial use cases, seeking to create an alternative to existing financial services. LEARN MORE

  3. challenges of smart contract Unfortunately, DeFi developers face many challenges with existing smart contract options that prevent many of their dApps from gaining mainstream adoption

  4. Security issues Legacy smart contracts have a number of bugs that can put smart contract assets at risk. Expandability and speed High Execution Costs First generation block consensus times are still quite slow and also suffer from regular forks, making expansion to millions of users impossible as slow transaction speeds cause congestion and fuel failure trusted in the network. The fees required to interact with and execute smart contracts on legacy networks are very high, often questioning economic viability and creating a barrier to entry that undermines the security of the blockchain by incentivizing malicious miners.

  5. Algorand smart contracts in the first layer Algorand is releasing its latest version of smart contracts (ASC1) that provides the fundamental attributes of security, extensibility, and decentralization while adding functionality directly to Algorand primitives in the first layer. This allows developers to take advantage of the network without sacrificing the speed, cost- effectiveness, and simplicity their applications require. By removing technical barriers that undermine blockchain adoption, Algorand smart contracts are highly flexible and reliable, They run on a tamper-proof network (no need for a trusted intermediary) that provides full transparency, with error-free, immutable, and accurate applications.

  6. The benefits of DeFi applications Asset tokenization, with standard Algorand assets being an easy way to create customizable assets that can be used for real-time gross settlement of payments. Atomic transfers , which simultaneously transfer a number of assets between many parties instantly and securely without the need for escrow or reliance on time-limited contracts. With truly atomic transfers, payment latency and counterparty risk are eliminated, speeding up market transactions and reducing collateral requirements. Rekeying that offers flexibility for users and escrow providers to change Private Spend Keys at any time without changing Public Addresses, giving Public Addresses greater permanence and reducing operating expenses, decentralized finance development services while allowing renewal of account. Provide a common platform standard that is interoperable and extensible, which speeds application development, increases iteration, and results in faster deployments with more cost-effective capabilities

  7. Company Contact 7708889555 contact@blockchainx.tech https://www.blockchainx.tech/decentralized- finance-defi-development CM Nagar, Sathy Rd,Ramakrishnapuram.Coimbatore, Tamil Nadu, PIN Code 641035

  8. THANK YOU

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