Evolution of decentralized finances: look at the close protocol

In recent years, the world of finance has undergone a significant transformation with the emergence of cryptocurrencies and decentralized applications. Among them, cryptocurrency is one of the most outstanding forms of digital currency, while others such as DEFs (decentralized finances) have gained huge adhesion. In particular, decentralized finances have revolutionized the way we think about financial transactions, offering greater security, transparency and efficiency. One of such projects that stands out among many players in this space is Protocol (nearby), a decentralized application protocol designed to ensure a scalable, safe and efficient solution for various cases of use.

increase in decentralized finances

Decentralized finances have gained a significant shoot in recent years because of its ability to disrupt traditional financial systems. Unlike centralized finances, which are based on intermediaries, such as banks, allows users to interact directly with each other without the physical or digital intermediary. This approach enables greater autonomy and flexibility, especially in cross -border transactions.

Cryptocurrency evolution

Cryptocurrencies have existed since 2009, when the first bitcoins (BTC) were introduced. Since then, many alternatives have appeared, each with their unique features, advantages and cases of use. These cryptocurrencies offer faster transaction times, lower fees and increased security compared to traditional Fiat currencies.

near the protocol: a new era of decentralized finances

One project, which has noticed in recent years, is close to the protocol (nearby). Developed by a team of experienced developers from the Ethereum (ETH) community, nearby, aims to provide a more decentralized and safe alternative to existing blockchain -based systems.

key features of a close protocol

• Layer scaling 2 : SDK COSMOS uses closely, allowing it to scale faster than traditional lockers, such as Ethereum. This enables smoother transaction processing times and increased capacity.

• Consensus Proof-of-Stake (POS) : Unlike the proof of work (Jed), which is based on powerful computers solving complex mathematical equations, POS is more energy-saving and environmentally friendly.

• Decentralized application (DAPP) ecosystem : DAPPS nearby are designed to be highly scalable, safe and available through the unique architecture of a close protocol.

• Tokenomics : Native token of close, called close (nearby), is used for fees for management, stacking and transactions.

cases of use for a close protocol

• DEFI application : It is close to the basis for creating DEFI applications, which are scalable, safe and efficient.

• Cross -border payments : The platform allows quick and cheap transactions between users around the world, without relying on traditional payment networks or intermediaries.

• Stablecouins

  

  : The consensus algorithm nearby allows the creation and management of Stablecoin, enabling the creation of stablecoin that keep their value over time.

Benefits of a close protocol

• SCALLING CLAIM : The use of architecture based on SDK Cosmos allows close scaling faster than traditional block chains.

• Security : The consensus algorithm nearby (POS) is more energy -saving and environmentally friendly compared to the area

• Interoperability : The DAPP ecosystem on the nearby side enables trouble -free interaction between different platforms, supporting a solid and scalable DEFI ecosystem.

Application

To sum up, the evolution of decentralized finances led to an outbreak of innovative solutions, such as close to Protocol (close).