BUCKSCAKE | Decentralized Finance (DeFi) Platform offering decentralized, more transparent and economically viable blockchain-based services
BucksCake aims to offer the users decentralized financial system by offering decentralized, more transparent and economically viable blockchain-based services in place of the services traditionally provided by centralized institutions. BUT FIRST, WHAT IS CRYPTOCURRENCY? Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service. Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security. Offering friction-less transactions and inflation control, investors have been prudent enou...