Decentralized Finance which is fondly called DeFi, is the new concept in the financial system, which is characterized by full decentralization.
It came as a solution to the inefficiency posed by centralized finance, where the entire system and its operation is under the control of a few individuals who are often considered to be the central authority, leaving the users with little or no authority on the functioning of the system.
The centralized finance was ridden with challenges like increased cost of operations, slow speed of transactions, complexity in design, inefficient technological innovations, and a lot more challenges which has made it inefficient as a financial system.
But with the DeFi system in play, all these have become history, as its decentralized structure returns the governance power back to the users, allowing them to actively partake in the operation of the system.
That's why there are varieties of DeFi platforms emerging into the market, to give the global masses the opportunity to harness Decentralized Finance, and enjoy the benefits thereof.
This brings us to Decentralized Application which is fondly called Dapps, the application on which Decentralized Finance generally relies on to function effectively, and also ensure that every DeFi system works at the very best. Hence the need for a reliable Dapps development platform.
CARTESI PLATFORM - A RELIABLE DAPPS DEVELOPMENT SYSTEM
Cartesi is a system which provides the best development system for the creation of Decentralized Applications.
It has given developers the infrastructure which they need to build scalable Dapps, which could be used across different DeFi systems, and it achieves this by linking its Linux operating system to the Blockchain.
With the Cartesi Linux operating system, developers can create scalable Dapps with great computation power, to function off-chain, and still retain security of operations on-chain, with the help of the Blockchain.
FEATURES OF DAPPS CREATED ON CARTESI PLATFORM
As it gives developers all the tools which they need to create decentralized applications for use in the different DeFi systems, Cartesi also ensures that applications created are unique and more reliable than what we have in the industry
today, as it ensures that these Dapps have the capability to perform operations which is otherwise impossible for other applications.
Cartesi based Dapps will be able to process any kind of operation, even the complex ones which require very high computation power to execute, as the Cartesi development tools give it all the power it needs.
These Dapps will also help solve the problem of scalability which has been limiting the existing applications, thereby serving as the perfect tool to power the performance of Decentralized Finance systems.
Interoperability is another feature of Cartesi Dapps, a feature which gives it the capability of being integrated into any system, with ease.
This makes it possible for any system to develop Decentralized applications on Cartesi, integrate it into their framework and use it for the improvement of their services.
Cartesi based Dapps are not limited in any way, and operations carried out are fast and affordable for all users, due to the use of the Linux operating system and still maintain the security and scalability of the Blockchain.
CONCLUSION
With a reliable system as Cartesi, focused on Dapps creation, the DeFi industry will definitely be adopted globally, impacting on the global financial system.
This is because Cartesi facilitates the development of decentralized applications, with which the DeFi system operates.
website : https://cartesi.io/