Banking without Banks: Decentralized Finance is Coming
Azeem Azhar's Exponential View
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The Decentralization Principles of Block Chains
We apply the same de centralization principles as a block chain to this problem, basically. A block chain has many independent note operators that verify transactions and code them into blocks which they then all confirm to be true. That means that we can be certain about the veracity, the trust that merges when you're within a block chain. We call that on chain. And you drew that up as a contrast wi what's happening off chain, where we've had to rely on brand guarantees and stuff can be unreliable. As these smart con racts go from securing billions to trillions, their ability to pay for higher quality data will also grow.
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