Puffer Finance - How replaceable can it be? - Crypto Market Update

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Just imagine a scenerio where no one gets to use a physical credit card, ID or even needing financial services from a bank. You may rightly say chaos but there are alternate ways we can have access to financial services without the need of a bank. How?

The puffer finance stands as a cover to transform how we invest money, save and even spend using technologies that are known as cutting edge.

The presence of banks for financial services are good no doubt but there are numerous barriers and intermediaries that tend to exclude millions from accessing basic financial services. Do you know we can actually access finance with just an internet connection?

I can remember someone tell me that in the next 10 years, there'll be no physical establishment like banks and that we'll live in a cashless economy. This is where puffer finance come to play.

Is a decentralized finance platform built on Blockchain technology and unlike these traditional financial institutions, there's no reliance on a central authority to manage transactions as a decentralized network. It provides services such as lending, borrowing and investing without relying on traditional financial institution but uses smart contracts.

As part of this decentralized finance, it makes financial services easily accessible without the need of intermediaries. This ensures that anyone can actually be in control or verify transactions which reduces the possibility of scams and fraud.

As explained earlier, the puffer finance operates on the principle of decentralization which uses a network of computer nodes spread around out across the world to verify and record transactions making the system resistant to failures or attacks as there's no single authority that controls it. This is one feature of the puffer finance and this is the feature that many take into consideration when carrying out projects.

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Puffer finance also leverage on Blockchain technology to ensure its security. This Blockchain prevents altering of transactions information as once a transaction is recorded, it is impossible to alter of change without changing multiple blocks .

This ensures high security levels and that only account owners can manage their funds without any additional control or intermediaries.

Full control feature is observed unlike traditional banks where you'll have to deposit your money and rely on bank to manage it as it's in their custody. Puffer finance gives you full control of your asset directly through your private keys. You're the custodian of your asset and keys.......

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Traditional banks often require proof of income to open accounts and extensive documentation whereas, all these requirements aren't necessary in the puffer finance

The update in the market is going quite well as there's no sharp decline as expected but may happen as the market is very much unpredictable. From my analysis, I think it will repeat history of what happened in July, 2021 during the last bitcoin halving year. Bitcoin experienced surges and it may likely happen again this month.

It's good to know that some coins are gradually recovering. The market is kind of stable somehow, not decreasing much or increasing much. Just accumulating.

In conclusion, we have seen how beneficial the puff finance is and some of the exclusive features it has which makes it have grounds to some extent and it's very free from a lot of barriers compared to traditional finance where you can't access financial services easily.

All screenshots are from our binance account.

Disclaimer :Any financial and crypto market information provided in this post was written for informational purposes only and does not constitute 100% investment advice. It's just basic knowledge every crypto trader or investor should have