Forbitspace Decentralized Finance or popularly known as DeFi is a crypto technology that aims to disrupt the financial system currently in place by giving the public new solutions on a public blockchain. They are in the market to reshape the existing financial system run by centralization and allow people to interact in a secure and decentralized zone. The system provides a solution to the issue of trust people have with these systems as they take the issue of trust out of the people’s hands and places it in a code which it uses to run its total security.
What Is Forbitspace (FBS) ?
A decentralized exchange (DEX) is a cryptocurrency exchange that operates without the involvement of a central authority or third party. As a result, a user retains full control of their funds stored or traded on DEXs, which offer a higher degree of security than centralized exchanges (CEXs). Decentralized exchanges rest on the Ethereum blockchain and require Ethereum smart contracts to operate. On the other hand, centralized exchanges are run by a third party, which collects trading fees. A DEX provides agents with the opportunity to exchange one asset for another without a centralized third-party responsible for overseeing the trading activity.
Forbitspace (FBS) Point Table