Traditional Finance (TradFi) and Decentralized Finance (DeFi) serve different purposes and are based on opposing financial systems. TradFi, which is centralized and controlled by entities such as banks, governments, and financial regulators, represents the conventional financial system. Meanwhile, DeFi, exemplified by cryptocurrencies like Big Eyes Coin (BIG), is a new system that eliminates intermediaries, operates on blockchain technology, and is decentralized.
The emergence of Ethereum (ETH), a blockchain platform that enables the creation of smart contracts, has made DeFi possible. Smart contracts are self-executing contracts that can automate the enforcement of terms and conditions, and they serve as the foundation of DeFi applications that facilitate decentralized lending, borrowing, trading, and investing.
Is DeFi Overtaking TradFi?
DeFi provides several advantages over TradFi, including permissionless access for anyone, which can benefit the unbanked and underbanked. This accessibility builds trust that is lacking in the traditional financial system. However, DeFi still has limitations, such as low transaction throughput and high fees, making it less efficient than TradFi.
To improve the financial system, TradFi and DeFi can collaborate, despite their differences. Interoperability between different DeFi protocols is a key challenge for usability and liquidity. Stablecoins, which are cryptocurrencies pegged to a fiat currency or commodity like gold, can facilitate interoperability between the two systems without the need for converting to and from fiat currencies. This collaboration can lead to a more inclusive and efficient financial system.
Big Eyes Coin: Leading the Way in Eco-Friendly DeFi with NFTs and Philanthropy
Big Eyes Coin (BIG) is an eco-friendly cryptocurrency that utilizes the proof-of-stake (PoS) consensus mechanism to reduce its carbon footprint and energy consumption associated with traditional mining processes. It donates 5% of its assets to ocean charities, allowing investors to support a good cause while investing in a cryptocurrency that aligns with their values. Moreover, Big Eyes Coin releases exclusive NFTs featuring charming cats, including the must-have Big Eyes NFT Sushi Crew for cat and fish enthusiasts looking to enhance their digital collections.
Investors who act quickly can still take advantage of the presale, which has already generated a whopping $33 million in interest. With its unique features, philanthropic efforts, and adorable NFTs, Big Eyes Coin is positioned for significant success.
Using the code ‘BULLRUN250’, investors can claim an exclusive 250% bonus and add even more value to their investment. Big Eyes Coin provides a fun and exciting dimension to investing in an eco-friendly cryptocurrency that also supports a worthy cause and offers access to upcoming events.
Although TradFi and DeFi have different strengths and weaknesses, they can collaborate effectively by achieving interoperability through stablecoins and integrating smart contracts into the TradFi system.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL