ShapeShift integrates DeFi
Large companies are increasingly recognizing the merits of Blockchain and implementing appropriate solutions in their own work. One of the latter is ShapeShift, which intends to implement DeFi solutions in its own operation in the near future. We will look at what is known about such a solution and consider its obvious benefits. So let’s get started.
But first, let us recall what kind of “ShapeShift” company it is. In fact, the knowledgeable user will see this company as one of the leaders in the digital app market. This company is actively engaged in the distribution of digital trading solutions through its own functionality. It is obvious that in order to sell innovative assets, it is simply necessary to constantly develop, because some partners offer innovations that are incompatible with the company’s gradually aging technical equipment. This is why ShapeShift made the key decision to gradually switch to using DeFi protocols.
By implementing such algorithms, the company will be able to bring its own productivity to a fundamentally new level. To begin this work, the company has already entered into partnerships with several distributed exchanges. By working together, the platforms will be able to maximize efficiency from each other. For ShapeShift, the main benefit will be faster processing of digital transactions. Many procedures, including annoying KYC treatment, will be a thing of the past. But at the same time, the security and speed of transfers will be at their best.
The company is moving in the clearly right direction. Yes, there were mistakes before, like the introduction of mandatory registration. But the firm boldly admits its own imperfections and becomes better, developing together with its loyal customers. This definitely deserves respect.
Technical details: De-Fi is the future?
Despite the obvious advantages of distributed solutions, many companies are simply not ready to switch to such innovative algorithms. Indeed, individual organizations are tied to the organized control of every detail, so that specific firms simply cannot switch to De-Fi overnight. Nevertheless, we have no doubt that the realization of the merits of the company’s distributed device will eventually come to every businessman. A global restructuring of leading companies is not ruled out, which, like ShapeShift, will want to implement De-Fi solutions in their own work. And this is great, because the world is moving more and more towards globalization, which cannot exist side by side with control, endless checks and centralized accounting of terabytes of data. The future belongs to the lightweight, intuitive and simple De-Fi device.
ShapeShift begins successful work with ETH and tokens based on the ERC-20 algorithm. Now everyone can exchange, buy and sell coins that work on these standards. The implementation of the remaining assets is scheduled for 2021. Among others, and the first cryptocurrency, which will also come to the ShapeShift system and will also start working together with distributed algorithms. But, of course, it is a matter of time. However, if you are looking for a quality, modern and forward-looking financial services provider, ShapeShift is your choice.
Keep a close eye on the development of this company and other cryptoindustry news in order to keep up with the times and boldly look into the future of the world of technology and Blockchain. Stay tuned, because we regularly publish relevant, interesting and unique material. Thanks for attention. Good luck!