Cosmosatom

What is Decentralized Finance?

DeFi (or “decentralized finance”) is an umbrella term for financial services on public blockchains, primarily Ethereum. With DeFi, you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and more — but it’s faster and doesn’t require paperwork or a third party. As with crypto generally, DeFi is global, peer-to-peer (meaning directly between two people, not routed through a centralized system), pseudonymous, and open to all.

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Cosmos is a cryptocurrency that lies at the heart of an ecosystem of blockchains that can scale and interact with each other. And to say in simpler words, Cosmos is actually the internet of blockchains. It is a decentralized network of autonomous parallel blockchains that are capable of scalability and interoperability. Its main aim is to foster collaboration between blockchains by enabling them to interact and transact autonomously. It has a protocol that allows blockchains to retain their independence, execute transactions rapidly, as well as connecting with other
blockchains within the ecosystem. What does the future hold for this coin? Watch the complete video to know the future price prediction of cosmos atom.