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Blockchain is an industry that is quickly becoming one of the fastest growing industries in the world. Since Bitcoin first hit the market in the late 2000’s, innovation and further developments have led to blockchain emerging as a worldwide industry. With estimates placing the user base at the hundreds of millions, Blockchain has caught the hearts and minds of many people.
Despite Crypto’s growth rate, there are many people who have sworn off of the blockchain idea due to the perceived vulnerability of the network. In fact, Nimbus offers a wonderful new opportunity on its platform in the form of Decentralized Finance. This new concept is set to revolutionize the blockchain, and lead users to new levels of success.
What is DeFi, and what does it have to do with Nimbus?
Decentralized Finance, or DeFi, is the idea of taking centrally provided services and making them completely decentralized. Transferring money between people, borrowing, lending funds, and managing investments — these services are all centralized, usually through a broker or financial institution. They can all suffer from things like corruption, human error, or even outright fraud. DeFi responds to these worries by decentralizing the services, making them less vulnerable to the issues that plague traditional sources.
Peer-to-peer networks are the lifeblood of DeFi systems, and their innately decentralized nature makes it almost impossible for central authorities like governments and banks to affect the way individuals use these systems. The global pandemic made it extremely hard to get a loan from a bank, for instance, but the nature of DeFi services made it far easier to seek out a loan on the blockchain. This flexibility has been of tremendous use for many users.
Before Crypto became widely used, such a system wouldn’t have been able to survive, much less thrive. However, flat currencies like the dollar have shown their weaknesses both in value and in security over the last few years. And as Crypto has developed further and introduced things like NFT’s into the mix, the market has become a bull one, eager to innovate and responding to users’ actions like no other. What has become almost as important, are the platforms for users to buy currency, get information, and ask for help. That is where Nimbus steps in.
Nimbus is a platform that seeks to help users have a more consumer-friendly experience. Whether it is their first time stepping into the Crypto/DeFi market, or a veteran user seeking a better system, Nimbus has a lot to offer them: buying tokens, exchanging coins, or providing loans for users for whatever need they may have. Nimbus has been on the frontline of DeFi since the concept first took root in the market.
One of the most important things that Nimbus strives for is transparency, and it starts that goal by offering guides and explanations on how DeFi works to all of its users.
Nimbus and DeFi: The New System
Nimbus is a platform first and foremost, but it is also one that offers many services to meet any need a user may have. Decentralized applications, DApps, run on code stored on blockchain’s infrastructure from the likes of Ethereum or Binance Smart Chain, known as Smart contracts. These contracts are what makes DApps decentralized, and contribute to their diverse nature. One Dapp lets a user lend Crypto to a borrower so they can earn interest, while another lets a borrower immediately pay a bill to the lender efficiently and with transparency. This is just one example of the many types of DApps that exist on the platform.
What Nimbus does is collect these DApps, displaying them for users to access in an easy way ― allowing them to manage all of their Crypto assets. According to Nimbus, users have sixteen potential revenue streams to grow their Crypto assets via these DApps.
Nimbus offers a multitude of different DApps and has created its own central location for DeFi services. New users that could have been overwhelmed by a complicated system instead are greeted by a simple and intuitive one. Not only this, but Nimbus is constantly seeking new ways to innovate and make the system run smoother, and maintains an open door policy for new users to ask questions. Guides are constantly published both on the site and on media sites such as YouTube, where prospective users can watch guide videos on how to start, or how to understand newly offered services like DeFi.
What can really frighten prospective users is the tendency to mistrust new ideas, particularly with ones that seem to have caught the wrong side of media attention. There are those that are quick to judge what they do not fully understand, and Nimbus’s new ideas could easily be misconstrued by those who do not take a deeper look at what is offered.
Nimbus’s platform is a new blockchain system that thrives on innovation and new ideas. DeFi is one of those ideas that is capturing the minds of many in the market due to the potential benefits that it offers all of its users. What Nimbus does well is offer its users a new and easy way for accessing these new DeFi markets without having to worry about a third party that could take advantage of them.
It is easy to lose people in these days of rapidly changing definitions and new ideas. That is why Nimbus, unlike so many other companies, seeks to capture that transparency and idealism that so many companies have abandoned. This platform will offer many people chances to succeed with Crypto that they would never have had access to before. It is truly a game changer in the DeFi market, as well as the Crypto market as a whole.
The users have all of the power due to the unique voting system that Nimbus has in place, and all of the needs of the users are met by the way Nimbus is tailored by their actions. Working hand in hand with users, the Nimbus team stands firm in its efforts to help its community, and offer the safest and most efficient Blockchain platform on the market.
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