.png)
Centralised banking or financial system is just simply the processing of transactions from a single location. Although banks as an institution find this process rather easy, they must carry out their central operations at a head office or bodies considered to be part of their head offices.
The major problem with the central financial system is that most of the power if not all is given to a single authority or group of authorities. These authorities are in charge of the flow of economy as they can make decisions as they please which can affect the economy. This is where the decentralised finance system comes to play to solve these problems and why the Columbus Project has taken an interest into it.
THE COLUMBUS PROJECT CREATES AN ECOSYSTEM FOR DECENTRALISED FINANCE (Defi)
There has been a huge demand for Decentralized Finance (DeFi) in the crypto world. For the past few years, we've known about Decentralized Finance (DeFi), which was first popularized by agricultural protocols in 2020. According to experts, the bull market was propelled by the narrative of DeFi and the Bitcoin halving.
What makes Decentralized Finance so appealing is because it became a major changer in the crypto world where Bitcoin is considered a major disruptor of our current economic structure. The Columbus Project while getting started, kept these in mind and incorporated them with a decentralised finance system with the primary goal to return control of financial resources to the general public which today, is still held by the central government.
The Columbus Project created an ecosystem of DeFi platforms to be built on the Binance Smart Chain (BSC) with the aim that everyone can benefit from the incredible prospects that Decentralized Finance offers. In light of the avalanche of scam projects springing up and taking the money of both novice and experienced users, Columbus aims to be a completely transparent, practical, and decentralized ecosystem that works with the users rather than giving them ambiguous and complicated methods and features to access various financial functions. With rigorous study and testing, they intend to build a long-term ecosystem that will continue to grow and evolve as we contribute to the growth of blockchain technology.
THE COLUMBUS PROJECT USE DEFI AS A SOLUTION TO CENTRALISED FINANCIAL SYSTEM
People were able to communicate with each other in a friendly form and access numerous financial services thanks to decentralized finance. With DeFi, even those who are unbanked can benefit from these services. For starters, even the average crypto user is unfamiliar with the term "decentralized finance." A user must have a specific degree of technological understanding to generate revenue or utilize the financial capabilities that DeFi provides.
This project, called Columbus, aims to address the challenges inherent in Decentralized Finance and give users a simple and efficient ecosystem where they may access a variety of financial opportunities.
CONCLUSION
In summary, The Columbus ecosystem streamlines financial transactions and provides easy-to-use platforms for users to make use of DeFi's benefits.
USEFUL LINKS
Website: https://www.columbustoken.net
Telegram: https://t.me/columbustoken
Twitter: https://mobile.twitter.com/columbustoken
Reddit: https://www.reddit.com/r/Columbustoken_1
Instagram: https://instagram.com/columbus_token
Facebook: https://www.facebook.com/Columbus.Token
Medium: https://columbustoken.medium.com/
AUTHOR
Bitcointalk Username- Dividesug
Bitcointalk Profile- https://bitcointalk.org/index.php?action=profile;u=2767685;sa=summary
ERC-20 Wallet- 0x96C9cFfEa9328D6aC96160B515D293915A0b88f7