When it comes to Ethereum Classic, the question of whether or not it is a good investment boils down to understanding what the asset is and what it offers investors. For starters, Ethereum Classic is an open source, decentralized platform that runs smart contracts.

These contracts are applications that run exactly as programmed without any possibility of fraud or third party interference.

In addition to being a decentralized platform, Ethereum Classic also has its own cryptocurrency called “ETC”. The ETC token is used to fuel transactions on the Ethereum Classic network.

In this way, it is similar to how ETH is used on the Ethereum network.

So, what makes Ethereum Classic a good investment? There are a few key factors.

First, as a decentralized platform, Ethereum Classic offers investors a high degree of security. Because there is no central point of control, it is very difficult for anyone to hack or interfere with the network.

This makes it an attractive investment for those looking to store value in a safe and secure way.

Second, the Ethereum Classic team has a strong track record of delivering on their promises. They have consistently delivered updates and improvements to the platform since its launch in 2016.

This has instilled confidence in investors that the team knows what they are doing and that they will continue to support and grow the platform in the future.

Third, Ethereum Classic has real-world applications. The platform is already being used by organizations and businesses all over the world to build decentralized applications.

This shows that there is demand for the platform and that it has real-world utility.

Fourth, Ethereum Classic has a strong community of supporters. This community includes developers, businesses, and enthusiasts who all believe in the long-term success of the platform.

This supportive community provides stability and helps to drive adoption of the platform.

Overall, there are many reasons why Ethereum Classic is a good investment. The asset offers investors a high degree of security, has a strong track record of delivering on promises, has real-world applications, and boasts a supportive community.

If you are looking for an asset with good long-term potential, then Ethereum Classic should be high on your list.

Decentralized finance—often called “DeFi”—refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain. From lending and borrowing platforms to stablecoins and tokenized BTC, the DeFi ecosystem has launched an expansive network of integrated protocols and financial instruments.

Now with over $13 billion worth of value locked in Ethereum smart contracts, decentralized finance has emerged as the most active sector in the blockchain space, with a wide range of use cases for individuals, developers, and institutions. .

Whereas our traditional financial system runs on centralized infrastructure that is managed by central authorities, institutions, and intermediaries, DeFi applications are built on decentralized infrastructure that is powered by code that is running on the Ethereum blockchain. By deploying immutable smart contracts on Ethereum, DeFi developers can launch financial protocols and platforms that run exactly as programmed and that are available to anyone with an Internet connection.

The breakthrough of DeFi is that crypto assets can now be put to use in ways not possible with fiat or “real world” assets. Decentralized exchanges, synthetic assets, and flash loans are completely novel applications that can only exist on blockchains.

This paradigm shift in financial infrastructure presents a number of advantages with regard to risk, trust, and opportunity.

From DAOs to synthetic assets, decentralized finance protocols have unlocked a world of new economic activity and opportunity for users across the globe. The comprehensive list of use cases below is proof that DeFi is much more than an emerging ecosystem of projects.

Rather, it’s a wholesale and integrated effort to build a parallel financial system on Ethereum that rivals centralized services because it is profoundly more accessible, resilient, and transparent.

Asset management:
With DeFi protocols, you are the custodian of your own crypto funds. Crypto wallets like MetaMask, Gnosis Safe, Argent help you easily and securely interact with decentralized applications to do everything from buying crypto to earning interest on your digital assets.

In the DeFi space, you own your data: MetaMask, for example, stores your seed phrase, passwords, and private keys in an encrypted format locally on your device so that only you have access to your accounts and data.

Compliance and KYT:
In traditional finance, compliance around anti-money laundering (AML) and countering-the-financing-of-terrorism (CFT) relies on know-your-customer (KYC) guidelines. In the DeFi space, Ethereum’s decentralized infrastructure enables next-generation compliance analysis around the behavior of participating addresses rather than participant identity.

These know-your-transaction (KYT) mechanisms help assess risk in real time and protect against fraud and financial crimes.

DAOs:
A DAO is a decentralized autonomous organization that cooperates according to transparent rules encoded on the Ethereum blockchain, eliminating the need for a centralized, administrative entity. Several popular protocols in the DeFi space—including MakerDAO, Compound Finance,and dYdX—have launched DAOs to fundraise, manage financial operations, decentralize governance to token holders, and align incentives around protocol growth and user adoption.

These are only a few examples for why DeFi is built on Ethereum – there are many more advantages including but not limited too – security & resilience through decentralization & immutability , transparency & auditability enabled by public blockchains , infinite composability through open standards & APIs , programmability & automation through smart contracts ,and lastly global & inclusive access through permissionless infrastructure .