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Inside PayPal's Blockchain Strategy: Insights from the Head of Crypto
The Defiant - DeFi Podcast
The Value of Decentralized Protocols
Decentralized protocols hold value in reducing transaction costs by automating contract enforcement through smart contracts. This reduces the need for centralization, streamlines operations, and facilitates faster movement of money. The key is to justify a decentralized protocol's use case by demonstrating a reduction in transaction costs, ensuring scalability, faster settlement, and programability in various applications such as payments.
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