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In the trustless world of cryptocurrency, trust is still necessary
As established by Satoshi Nakamoto (Bitcoin) In the white paper, the core of cryptocurrency is a peer-to-peer electronic cash system that does not require intermediaries such as banks. This energetic independence and ridicule of the control of the traditional banking system prevails in the entire crypto field.
However, when targeting mass adoption, some help is needed in order for everyone to embark on the path of truly decentralized finance. We can’t expect our grandparents-they have a hard time sending emails-to figure out how to manage private keys, seed phrases, and digital wallets without any help, and send your birthday gifts in Bitcoin. In fact, this shift to decentralized finance has gone far beyond sending birthday money, and has developed to include income agriculture, liquidity mining, and irreplaceable token auctions. Therefore, trusted intermediaries have never been more important for realizing the mainstream aspirations of DeFi and cryptocurrencies.
Lawrence Newman He is the co-founder of Coinmama, a serial entrepreneur and veteran in the Bitcoin field. After working hard to buy Bitcoin on his own, Lawrence set out to create a seamless, safe and engaging buying experience for everyone, and Coinmama was born. In addition to serving on the board of directors, Lawrence is also responsible for Coinmama’s marketing and strategic partnerships.
Converged Media Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.
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