Cred Platform Adopts Algorand Blockchain
The concept of Decentralized Finance also called DeFi, is becoming the order of the day as it is rapidly becoming the most prefered and widely used financial system globally. The DeFi industry was developed as a solution to the centralization of the previous financial system, which made the progress of the global system to be difficult as this centralization hindered the entire system from delivering the full benefits to everyone all over the world. Centralization has been confronted by limiting challenges such as the absence of security due to the concentration of power, making it prone to any form of attack. That's why a lot of centralized systems were easily hacked putting the users in jeopardy. All these and many more, are as a result of the fact that the control of the system's operations is handed over to a few individuals to manage it centrally, also making it prone to manipulation. But Decentralized Finance came to improve all these, and offer great f...