# Hora OS What is Hora OS? Hora OS is an operating system built to administer a network of computers through a decentralized protocol. Through the operation of nodes network that located on computers around the world, Hora OS manages computing resources into a unified network and optimizes utilization by tokenizing processing performance computers, bandwidth and storage capacity. This distributed computing network is highly scalable and able to build applications easily. ![](/files/-MbGFAyVtTezoHlDsDk_) ### #Disclaimer *All claims, content, designs, algorithms, estimates, roadmaps, specifications, and performance measurements described in this project are done with the author's best effort. It is up to the reader to check and validate their accuracy and truthfulness. Furthermore, nothing in this project constitutes a solicitation for investment.* # Why Hora OS 1. **Sustainable:** based on a model that works through a network of computers, it does not depend on any computer. 2. **High security:** Encrypted and distributed data according to a decentralized mechanism 3. **Energy-saving:**tokenization of computer network resources leads to better usage efficiency 4. **Infinitely scalable:** the mechanism to connect millions of computers to the network 5. **Optimal network operating costs:** based on the sharing economy model (peer-to-peer - P2P) ![](/files/-MbQk_SPHsAK-vdIsGj3) # How it work? Hora Os adopts the IPFS network protocol to manage the data resources of the amadascloud cloud computing network. Peers participating in the AdamasCloud computing network make part of their resources, such as processing power, disk storage, or network bandwidth, available directly to other network participants without need central coordination of server or stable server. Peers are both providers and consumers of resources. These resources are tokenized to distribute costs between resource providers and users, thereby forming a decentralized economy based on sharing resources through the internet. # Feature ![Content is updating...](/files/-MbQqQpa7P2rffth3Ix7) # Block time 6S per Block time Updating.. # PON Proof of NFT For Validator Node # POS Proof of stake(PoS) **Proof of stake**(PoS) is a method of securing a [cryptocurrency](https://en.bitcoinwiki.org/wiki/Cryptocurrency) network through requesting users to show ownership of a certain amount of currency. It is different from [proof-of-work](https://en.bitcoinwiki.org/wiki/Proof-of-work) systems that run hashing algorithms to validate electronic transactions. It is most commonly used as a supplement to [proof-of-work](https://en.bitcoinwiki.org/wiki/Proof-of-work) in [Peercoin](https://en.bitcoinwiki.org/wiki/Peercoin) and a few other electronic currencies. # DPos # POA Proof of authority (POA) # Governance ![Content is updating...](/files/-MbQqQpa7P2rffth3Ix7) # Validate # Bounty money paid as a reward # Vote # Structure {% content-ref url="/pages/-MX\_qLbZ4aFFhxZEJY\_W" %} [Hora OS core](/structure/os-core) {% endcontent-ref %} {% content-ref url="/pages/-Mb5HjNiOIKMjdFjagrk" %} [Administration of DAOS](/structure/administration-ofdaos) {% endcontent-ref %} {% content-ref url="/pages/-Mb5LMsytTcjIIOpS9SQ" %} [Node](/structure/node) {% endcontent-ref %} {% content-ref url="/pages/-Mb5OME6CrHW4whu8vqk" %} [IPFS](/structure/ipfs) {% endcontent-ref %} {% content-ref url="/pages/-MbAvUq6BcixSDKJv-Kc" %} [HoraChain](/structure/horachain) {% endcontent-ref %} {% content-ref url="/pages/-Mb6VBcNMgGFjRdQNGMe" %} [OpenEthereum](/structure/openethereum) {% endcontent-ref %} {% content-ref url="/pages/-Mb5i0sKB9\_uf-K\_hsLl" %} [AdamasCloud](/structure/adamascloud) {% endcontent-ref %} {% content-ref url="/pages/-MXvPaWWfKyN2RN8Q3Cs" %} [Wallet](/structure/wallet) {% endcontent-ref %} {% content-ref url="/pages/-MX\_qDErFbjjpjbo\_wiB" %} [Bridge Chain](/structure/bridge-chain) {% endcontent-ref %} {% content-ref url="/pages/-MXv\_ySsSRDeP70-8SqQ" %} [NFTs](/structure/nfts) {% endcontent-ref %} {% content-ref url="/pages/-MXaOzaK8RrVaNMPkJzk" %} [Protocol](/structure/protocol) {% endcontent-ref %} {% content-ref url="/pages/-MX\_qJ8QLa2riv\_rqsNB" %} [Application](/structure/dapp) {% endcontent-ref %} # Hora OS core Hybrid Kernel included in Adamas Cloud ![Content is updating...](/files/-MbQqQpa7P2rffth3Ix7) # Administration of DAOS Hora Os is managed through 3 Decentralized Autonomous Organizations (DAOs) ![](/files/-Mb5mZOEPAajo78-wMek) {% content-ref url="/pages/-Mb5l2FCG9fyhMmkBCYs" %} [Validator DAOs](/structure/administration-ofdaos/validator-daos) {% endcontent-ref %} {% content-ref url="/pages/-Mb5lASCGwyDAhcsrMGW" %} [Bridge DAOs](/structure/administration-ofdaos/bridge-daos) {% endcontent-ref %} {% content-ref url="/pages/-Mb5lE0ht5kcRd-ztTPe" %} [Community DAOs](/structure/administration-ofdaos/community-daos) {% endcontent-ref %} # Validator DAOs Alliance administrator, this DAO is the highest level decision-making authority. It monitors the entire ecosystem and can make changes to the way the other two DAOs work. ![](/files/-Mb5nfCUmLgJn-OK2nf8) # Bridge DAOs Governance Connection, this DAO is responsible for managing connection requests between the HoraOs that run the network and the various blockchain networks. ![](/files/-Mb5o0G24AcR59pDrKXm) # Community DAOs This DAO is responsible for managing the distribution of income on the Hora Os platform ![](/files/-Mb5oTmQPfdp_ExFCYW7) # Node A blockchain node is an open-source, cross-platform runtime that allows developers to create various services. The P2P protocol allows nodes to communicate with each other within the network and transfer information about transactions and new blocks. Network nodes are responsible for the correctness and reliability of storing the entered data in the distributed ledger. Each node can store a complete copy of the distributed ledger. Thanks to the blockchain nodes, any user can access the data and can view all transactions conducted or stored on the network. {% content-ref url="/pages/-Mb5kdT\_N0SXJiTAru22" %} [Validators Node](/structure/node/validators-node) {% endcontent-ref %} {% content-ref url="/pages/-MX\_jbdnx7m7dqfYfl-a" %} [Guardians Node](/structure/node/node-guardians) {% endcontent-ref %} {% content-ref url="/pages/-Mb5kus3k\_2NB6POimty" %} [PI Node](/structure/node/pi-node) {% endcontent-ref %} {% content-ref url="/pages/-Mb5kyn\_peTXPu-3fzNl" %} [Bridge Node](/structure/node/bridge-node) {% endcontent-ref %} # Validators Node Managed by the Validators participating in the initial network creation, ensuring basic resources to operate the network. These nodes are committed by the original founders' alliance of the project to maintain the resources to operate the network. Validator nodes do not receive any rewards. # Guardians Node Joined by infrastructure providers, participating in exploiting the economic benefits of data validation rewards, helping the network to expand for safer and more stable operation. These nodes contain all the data of a Validator node but rely on the POS algorithm to receive a certain amount of tokens. # Adamas Node Contains the core of Hora OS. These nodes are responsible for managing computer resources, computing and tokenizing the resources of computers where the node is installed, and connecting to the global network, in order to optimize the distribution of computing resources. Adamas nodes combine into a decentralized cloud computing network called Adamas Cloud. These nodes also support validate transactions of tokens and recording to the blockchain, built on the source code of OpenEthereum, called Hora Chain. Adamas node relies on computing resources of computers that have joined the network to return rewards and collect user fees. # PI Node It is a child node extending from Adamas node to manage user address data integrated on mobile devices with small capacity, low processing capacity. Pi nodes form a metadata management network that protects user data and increases data processing performance on mobile devices. Pi nodes are operated on a secondary protocol that connects to the main network via a bridge. # Bridge Node Administrative nodes that connect blockchains, supporting different blockchain networks to be connected and operate efficiently. With the 2nd layer model, the main chain will connect with secondary protocols to increase processing capacity, and at the same time connect a variety of different blockchain networks to form a support network for users in any network blockchain # IPFS The InterPlanetary File System (IPFS). IPFS powers the Distributed Web. The **InterPlanetary File System** (**IPFS**) is a [protocol](https://en.wikipedia.org/wiki/Communications_protocol) and [peer-to-peer](https://en.wikipedia.org/wiki/Peer-to-peer) network for storing and sharing data in a [distributed file system](https://en.wikipedia.org/wiki/Distributed_file_system). IPFS uses [content-addressing](https://en.wikipedia.org/wiki/Content-addressable_storage) to uniquely identify each file in a [global namespace](https://en.wikipedia.org/wiki/Global_Namespace) connecting all computing devices. ![HTTP VS IPFS](/files/-Mb5QV60W4s19hKNdOAq) # Storage Decentralized ![](/files/-MbAf6ydUX5ftpiTFv_r) # HoraChain Blockchain network built on openethereum source code to store data {% content-ref url="/pages/-Mb6VBcNMgGFjRdQNGMe" %} [OpenEthereum](/structure/openethereum) {% endcontent-ref %} # OpenEthereum Fast and feature-rich Ethereum client. ![](/files/-Mb6WEJIIOWTXUQEncMc) **Built for mission-critical use**: Miners, service providers, and exchanges need fast synchronisation and maximum uptime. OpenEthereum provides the core infrastructure essential for speedy and reliable services. * Clean, modular codebase for easy customisation * Advanced CLI-based client * Minimal memory and storage footprint * Synchronise in hours, not days with Warp Sync * Modular for light integration into your service or product ![](/files/-Mb6Vo3zwerlPvrvayrQ) # Hora Virtual Machine Hora Vitual Machine (HVM) The Hora Virtual Machine (HVM) is an Ethereum Virtual Machine integrated into the Hora Os platform. HVM is a virtual machine system that runs to validate the state of the Ethereum blockchain network, it belongs to layer1 that allows interaction and authentication of data without going through the main chain. At the same time, it is possible to interact with the main chain through smartcontracts to overwrite the data on the block and validate the data on the blocks through the minified hash function. ![](/files/-MbAJ7QcHMpZE9ruc9xi) # AdamasCloud AdamasCloud Cloud computing Decentralized ![Cloud computing Decentralized](/files/-MbAK7Rf0S47DgIWWWxN) # Infrastructure # Wallet # Application The term decentralized app or DApp stands for an application which works with a smart contract and can be deployed on any host and redeployed in case of attack or censorship without any harm to its functions. Hora OS provides sets of supported DApps for identity verification, governance, and network administration. {% content-ref url="/pages/-MXaBYpTzspS1lpoLo0G" %} [Hora Scan](/structure/dapp/hora-scan) {% endcontent-ref %} {% content-ref url="/pages/-MXa9ySfatxVW5W5g0LD" %} [Validator Vote Dapp](/structure/dapp/validator-vote-dapp) {% endcontent-ref %} {% content-ref url="/pages/-MXa9slYxUpuXJMjH3q1" %} [Token Sales Dapp](/structure/dapp/token-sales-dapp) {% endcontent-ref %} {% content-ref url="/pages/-MX\_sqZqNkK\_sBXtYne1" %} [Validator Dapp](/structure/dapp/validator-dapp) {% endcontent-ref %} # Hora Scan Hora scan have a mission to provide fair access to blockchain data for all. **Block Explorer** A search engine allowing any user simple, easy access to a wealth of **HoraChain** data. # Validator Vote Dapp # Token Sales Dapp # Validator Dapp # NFTs Non-fungible token (NFT) A **non-fungible token** (**NFT**) is a unit of data stored on a digital [ledger](https://en.wikipedia.org/wiki/Ledger), called a [blockchain](https://en.wikipedia.org/wiki/Blockchain), that certifies a [digital asset](https://en.wikipedia.org/wiki/Digital_asset) to be unique and therefore not interchangeable.[\[1\]](https://en.wikipedia.org/wiki/Non-fungible_token#cite_note-:32-1) NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of [ownership](https://en.wikipedia.org/wiki/Ownership) that is separate from [copyright](https://en.wikipedia.org/wiki/Copyright). # Protocol # Layer 2nd # Layer 1st # Bridge Chain Hora can be tranfer from Layer 1 to Layer 2nd using the Bridge Contracts # Roadmap Project Roadmap {% content-ref url="/pages/-MbQkx2R3Mb5Wx7XkD6C" %} [Key Dates](/roadmap/key-dates) {% endcontent-ref %} {% content-ref url="/pages/-MX\_jt\_9TlxgEHT6aINs" %} [Technical Roadmap](/roadmap/technical-roadmap) {% endcontent-ref %} {% content-ref url="/pages/-MbQvNLr26YnKCDpY0sw" %} [CrowdFunding Timeline](/roadmap/crowdfunding-timeline) {% endcontent-ref %} # Key Dates Key Dates: Open to 12/2021 * [x] 04/2019: Team recruitment * [x] 01/2020: Project start * [x] 03/2020: UFIN Team joint * [x] 05/2021: Release Token * [x] 06/2021: Release Project to Community * [ ] 07/2021: Release Technical application and working with partner * [ ] 12/2021: Release DxSpace Eco-system ![](/files/-MbQl5RzqHaEt3R7c6ei) # Technical Roadmap Technical Roadmap * [ ] 31/07/2021: HoraChain Testnet v1 * [ ] 08/2021: HoraChain Testnet v2 * [ ] 10/2021: HoraChain Testnet v3 * [ ] 12/2021: Release Mainnet v1 * [ ] 06/2022: Release Mainnet v2 ![](/files/-MbXcHqQqsuJa4drBfVf) # CrowdFunding Timeline * [ ] 10/06/2021: Start Whitelist Register * [ ] 26/06/2021: Pre-Sales * [ ] 01/07/2021: IDO Round 1 * [ ] 20/07/2021: IDO Round 2 * [ ] 02/08/2021: IDO Round 3 * [ ] Listing
![](/files/-MbVLHD60QEoe9Z8eo4J) \[New update] 🌈IDO program will not be performed after the end of Presale. # Tokenomics Tokenomics is the science of the token economy. #### Information | Title | Detail | | ----------- | --------------------------------------------------------------------------------- | | Function | **Governance- Unity token** | | Fullname | Hora Os | | Symbol | HORA | | Network | Binance Smartchain | | Scan | [Smarchain](https://bscscan.com/token/0xa6fd7b5c9eee30309b00b65436a284e2053251e5) | | Information | | #### Token Allocation ![Token Allocation](/files/-Mb0hC1Yq8VemwtPNOSk) #### Validate Reward {% content-ref url="/pages/-Mb5iWwIf1iCh8MBKsp4" %} [Hora OS Token](/for-user/hora-0s-token) {% endcontent-ref %} # Use Case # Storage Decentralized ![](/files/-MbALQ7l3LcdWCfz-NnA) Several platforms offer decentralized storage networks with no central storage or monitoring facility. The data is stored across multiple locations, with the servers hosted by independent operators rather than large entities. Individuals or businesses can participate and rent out the unused storage space on their computers. Some platforms operate on their own independent blockchains, while others run on open public blockchains. This means that the function and operation of the platforms and their services can vary. Participants are usually incentivized using the native token of the platform, which is used to pay for and reward transactions. # Decentralize Finance (Defi) Decentralized finance (commonly referred to as DeFi) ![](/files/-MbAKx7o413pcqoyrNgy) **Decentralized finance** (commonly referred to as **DeFi**) is a [blockchain](https://en.wikipedia.org/wiki/Blockchain)-based form of finance that does not rely on central financial [intermediaries](https://en.wikipedia.org/wiki/Intermediary) such as [brokerages](https://en.wikipedia.org/wiki/Brokerage), [exchanges](https://en.wikipedia.org/wiki/Exchange_\(organized_market\)), or [banks](https://en.wikipedia.org/wiki/Bank) to offer traditional [financial instruments](https://en.wikipedia.org/wiki/Financial_instrument), and instead utilizes [smart contracts](https://en.wikipedia.org/wiki/Smart_contract) on blockchains, the most common being [Ethereum](https://en.wikipedia.org/wiki/Ethereum).[\[1\]](https://en.wikipedia.org/wiki/Decentralized_finance#cite_note-Financial_Times_2019-12-30-1) DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade [cryptocurrencies](https://en.wikipedia.org/wiki/Cryptocurrencies), insure against risks, and earn [interest](https://en.wikipedia.org/wiki/Interest) in savings-like accounts.[\[2\]](https://en.wikipedia.org/wiki/Decentralized_finance#cite_note-Bloomberg_2020-08-26-2) DeFi uses a layered architecture and highly composable building blocks.[\[3\]](https://en.wikipedia.org/wiki/Decentralized_finance#cite_note-3) Some DeFi applications promote high [interest rates](https://en.wikipedia.org/wiki/Interest_rate)[\[2\]](https://en.wikipedia.org/wiki/Decentralized_finance#cite_note-Bloomberg_2020-08-26-2) but are subject to high risk.[\[1\]](https://en.wikipedia.org/wiki/Decentralized_finance#cite_note-Financial_Times_2019-12-30-1) By October 2020, over $11 billion (worth in cryptocurrency) was deposited in various decentralized finance protocols, which represented more than a tenfold growth during the course of 2020.[\[4\]](https://en.wikipedia.org/wiki/Decentralized_finance#cite_note-4)[\[2\]](https://en.wikipedia.org/wiki/Decentralized_finance#cite_note-Bloomberg_2020-08-26-2) As of January 2021, approximately $20.5 billion was invested in DeFi.[\[5\]](https://en.wikipedia.org/wiki/Decentralized_finance#cite_note-5) # Version Hora Os versions will be publish here when start # Validators Dapp # MetaData Validator # NFTs Certification # Hora Certification NFTs What is # Collections Hora Validator Certification Card Hora Client Cartification Card # Vote # Events All Events fo Community Release Hora Os Token: 25/05/2021 Release Social Chanel Community: 04/6/2021 Create PankageSwap Pool: 03/06/2021 Airdrop Pre-launch: 05/6/2021 Publish Hora Os Overview Paper: 15/06/2021 # Hora OS Token Hora Os Token (Hora) is a token on Binance Smart Chain The first issued Hora Token is run on the Binance Smartchain network. When the Hora blockchain network launches the mainnet. Hora tokens will be moved to mainnet. On the Hora Network, a reward will be generated on each confirmed block to be distributed among the Guardians Nodes that participate in securing the network. Guardians Nodes rely on the POS (Proof of stake) algorithm to validate transactions and receive rewards). Each block is validated in 6s and generates a reward of 10 Hora Detail information: {% content-ref url="/pages/-MX\_oFK3\_ATGWa9hBZFE" %} [Tokenomics](/tokenomics) {% endcontent-ref %} {% content-ref url="/pages/-MXvPaWWfKyN2RN8Q3Cs" %} [Wallet](/structure/wallet) {% endcontent-ref %} {% content-ref url="/pages/-MbRs3WBcfqSmnUU1OkZ" %} [Setting Smartchain](/for-user/hora-0s-token/seting-smartchain) {% endcontent-ref %} {% content-ref url="/pages/-MbSFQtsRg4AJMwwZLoY" %} [Used for?](/for-user/hora-0s-token/used-for) {% endcontent-ref %} {% content-ref url="/pages/-MbZo1pL9UC0fs7DNzkO" %} [Tool](/for-user/hora-0s-token/tool) {% endcontent-ref %} # Token Information information {% content-ref url="/pages/-MX\_oFK3\_ATGWa9hBZFE" %} [Tokenomics](/tokenomics) {% endcontent-ref %} # Used for? 1. When release mainnet: HORA pay gas fees on the network 2. Stakers use HORA to stake and handle transaction processing in the HORACHAIN. 3. Use HORA to reward Stakers and Block Validator 4. Vote for DAOs 5. Cross-platform DeFi Products # Bep20 Wallet How to hold HORA OS TOKEN What wallet support HORA OS TOKEN: 1. MetaMask Wallet (iOS/Android/Browser Extension) 2. Trust Wallet (iOS)/Android) 3. SafePal (iOS/Android + Own Hardware Wallet) 4. TokenPocket Wallet (iOS/Android/Destop) 5. BinanceChain Wallet (Google Chrome Extension) # Setting Smartchain How to setup Smartchain On Wallet support Web 3.0 Setup Mainnet Smartchain: 1\. Network Name : Smart Chain 2\. New RPC URL: 3\. ChainID: 56 4\. Symbol: BNB 5\. Block Explorer URL: # Tool {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} # Claim Aridrop The winners of Airdrop Pre-Launch Program!\ \ We are happy to announce the winners' list on this link\ \ \ To receive 50 HORA Tokens reward, the winners please follow the instructions below\ 1\. Prepare an amount of BNB available in the wallet that you registered in the airdrop form for the transaction fee\ 2.Use the above wallet to access the website \ and follow the instructions below:\ \ 3.After receiving the token, please add HORA token to your wallet\ Please feel free to reach us for any questions! \
# Crowdfunding # DX Space Token DX Space Token (DXT) Function: **Utility Token** The first issue: 1.000.000.000 DXT Symbol: DXT Reward issue per block: 1 DXT Fees: Transaction Fee Rewards: # USDX Stablecoin Function: stablecoin Symbol: USDX Value: 1 USDX = 1 USD The first issue: 1.000.000 USDX # Tools Tools will update when testnet live # Explorer # Faucet # SmartContracts # Code sample [https://docs.horachain.com/code-sample/](https://docs.horachain.com/code-sample/remix) # HoraCer HoraCer: Blockchain Audit Services A service to check the source of programming code with the protection of the entire decentralized internet platform # ID Services Automatic KYC/AML Verification build on blockchain # DxSpace Meet Online meeting technology built on distributed data network # DxSpace Academy Online digital transformation education platform # DXSPACE ![](/files/-MbQqQpa7P2rffth3Ix7) # DXSPACE Ambassador ![](/files/-MbQqQpa7P2rffth3Ix7) # Social Channel Connect us! | Title | Details | | --------------- | ----------------------------------------------------------------------------------- | | Youtube | | | Twitter | | | Instagram | | | Reddit | | | Tumblr | | | LinkedIn | | | Group Telegram | | | Telegram Chanel | | | Github | | | Medium | | | Pinterest | [https://www.pinterest.com/horaoscom/](https://www.pinterest.com/horaoscom/_saved/) | | | | # MarketersMEDIA {% embed url="" %} ![](/files/-Mb5dQj_Dh4xEhCPZgGO) # VnExpress Latest news and commentary from Vietnam. {% embed url="" %} ![](/files/-MblTeMaRG1Fe1sxuaLN) # VietnamFinance Media partner in Vietnam market {% embed url="" %} # CoinMarketCal CoinMarketCal is the leading economic calendar for reliable cryptocurrency news. It covers all events that help crypto traders make better decisions. {% embed url="" %} ![CoinMarketCal](/files/-MblT719N0UDVUIF9jaS) # TechRate Techrate is an analytical and engineering agency focused on blockchain technology solutions and audits. {% embed url="" %} {% embed url="" %} # DEFI # 1.Centralize -Decentralize ### # 2. CEFI & DEFI ## ## # 1 .What is Cefi? CeFi (Centralized Finance) is a traditional or centralized finance, in which components such as the organization, the trading market, or the tools are centrally managed. In centralized finance is always accompanied by the phrase "custodial" or trust, ie assets, products and services in finance will be entrusted to certain organizations. For example: If we send money to the bank (loan to the bank), the money is entrusted to the holding bank. In centralized finance includes the following components: • Organizations: They can be governments, central banks, private banks, funds, financial services, hedge funds, retirement funds ... • Markets: Exchanges such as New York stock exchange, NASDAQ ... • Financial tools: Such as derivatives, loans, stocks, debts ... A very big limitation of traditional finance is centralization or centralization of power. DeFi is the solution for this. # 2 .What is DeFi? DeFi (Decentralized Finance) is a decentralized (or open finance) finance platform. In which, the organizations, markets or financial tools are decentralized management. • DeFi utilizes the power of Blockchain as decentralization and transparency to create a model of open finance. In it, everyone can access and use it anywhere, anytime without being influenced by any centralized individual or organization.
# 3. What is the Difference between DeFi and CeFi? • The biggest difference between traditional finance and decentralized finance is Custodial. • In traditional finance: There are intermediaries with centralized power in organizations, markets and financial tools. • Meanwhile, DeFi leverages Blockchain's power of transparency and decentralization to eliminate these intermediaries. Specifically: • Government or banking (CeFi) will be replaced by decentralized blockchains. • CeFi's assets will be replaced by tokens located in the Blockchain ecosystem. They are decentralized. • DeFi's mission is to provide users with access to financial services anywhere, whenever as long as they have the Internet. DeFi's openness is shown here.\ \
# 4 .Advantages of DeFi • Eliminate centralized management intermediaries. This is very clear. With the adoption of Blockchain technology, the elimination of intermediaries becomes clear. Users can know where their property is, or what state is. • DeFi applications are built on top of blockchains, they are open source. Therefore, it is relatively easy to upgrade or build and develop many DeFi applications.
# 5. Key components of DeFi? * Lending Platform * Decentralized Exchange * Derivatives * Stable coins * Payments Platform # 6. Dapps (Decentralized application) • DeFi is heavily dependent on Dapps. To understand DeFi's capabilities, you need to understand the concept behind Dapps. Dapps are programs designed to operate in decentralized networks. These networks can be Blockchain, or Network or Distributed Ledger Technology (DLT). An important component of these protocols is their decentralized nature. There is no central authority, corporation, or authority that oversees and approves the business functions of these applications. • In fact, Dapps require very little human intervention. Instead, these platforms integrate advanced smart contracts to streamline their business systems. Smart contracts are pre-programmed protocols that start when they receive cryptocurrencies to their addresses. Crucially, smart contracts can handle a wide variety of tasks from customer approvals to payments.
# 7 .Main features of Dapps ### **1. Transparency** **•** DeFi offers the world a new level of transparency. Since most of DeFi applications work on public blockchains like Ethereum and Tron, all transactions are publicly available. In fact, all activities on blockchain are public. The main difference in this approach compared to traditional bank accounts is that the accounts are not tied directly to anyone. Instead, the accounts are pseudo-anonymous and only list one numeric address. • In particular, although accounts are not directly linked to anyone's name, there are ways for researchers to find out who owns them if asked. Programs like block explorer can help people track and track the decentralized transactions of privacy-focused coins. ### **2. Open source** The DeFi application must be open source. Open source refers to the fact that encryption is public. This way anyone can test it and validate its functionality, security, and capabilities. Open source is much more stable and secure than native code because of this community interaction. Additionally, it provides more confidence in the platform as users can rest assured that no hidden malicious code is active in the background. ### **3 .Greater access to financial services globally** Dapps represent scalability in the way that developers envision financial platforms. Anyone from all over the world can join the DeFi platform. You just need a smartphone with internet access and you can join the DeFi community in minutes. As a result, DeFi Dapps has the potential to provide those without banks around the world access to financial services for the first time in recorded history. This openness is a huge upgrade over the current banking system, where about 40% of the global population does not have any form of banking. Importantly, when you think about bankless populations, you can easily picture a village somewhere in the tropics or a desert, but the reality is much different. For example, a recent study found that 25% of US households still do not have a bank. It is in these positions that DeFi has an immediate effect. ### **4. Interactive ability** Another pillar of the DeFi community is interoperability. Interoperability is crucial as it ensures that as more developers enter the space, all previous work is not lost. Instead, users can stack their DeFi products to expand their exposure to this new era economy. For example, typically a user uses stable coins, decentralized exchanges, and wallets together. This strategy was made possible by the seamless integration of DeFi applications. ### **5 .No permission needed** The DeFi industry operates without a gatekeeper. As such, anyone can develop a DeFi application and make it available to the world. Additionally, anyone can join DeFi Dapps without regard to approval. This strategy is far from today's financial system, which requires potential users to go through a myriad of regulatory verification systems before they can participate in the global economy. ### **6. Flexibility** Due to the open nature of the DeFi environment, developers can implement more flexibility within their platform. Significant options are available to users through third-party app integrations. In fact, users can even choose to build their own interface if they find the current options insufficient.\
### **7. Decentralized exchange** Many see decentralized exchanges as the logical next step in the evolution of the cryptocurrency sector. These peer-to-peer transaction platforms provide users with a more streamlined UX experience, tighter security, and more flexibility. Traditional exchanges operate through a centralized institution that facilitates, monitors, and approves all transactions within the platform. The problem with this approach is that it leaves too many attack vectors exposed. Hackers can target exchanges and earn millions of dollars. A quick Google search reveals many examples of exchange hacks in which the central organization suffered major losses. In many cases, these companies were forced to shut down due to losses. Decentralized exchanges remove many of these concerns. When users exchange assets through a decentralized exchange, the platform never directly holds the asset. Instead, smart contracts are used to allow the simultaneous swaps of one wallet to another. This way, there are no major weaknesses in the platform for hackers to exploit.\ ### **8 .Yield farming** One of the new concepts that has emerged is yield farming, which is a new way of earning rewards from existing crypto assets using unauthorized liquidity protocols. Accordingly, anyone can earn passive income using the decentralized ecosystem built on Tron. Therefore, yield farming can change the way HODLing for investors in the future. Why keep your assets idle while being able to operate them? #### **a*****.What is Yield farming?*** Yield farming is also known as liquidity mining, which generates rewards from crypto assets. In simple terms, it means locking in a cryptocurrency and receiving a reward. **b.*****Yield farming*** In a sense, yield farming can be done in parallel with staking. However, there are many complications. In many cases, it works with users known as liquidity providers (LP) to add funds to liquidity pools. ***c.What is a liquidity pool?*** Basically, a smart contract contains money. In exchange for providing liquidity to the pool, LP will receive a reward. That reward could come from fees generated by the basic DeFi platform or some other source. Some liquidity pools pay rewards in different types of tokens. After that, the reward tokens can be deposited into another liquidity pool to earn the next bonus, ... You can see a lot of extremely complex strategies but basically, LP deposits money into a liquidity pool and in return, a reward is earned, seen as a profit. Yield farming is usually done using a BEP-20 token on Binance Smart Chain and the reward is usually a BEP-20 token. ### **9. Governance Token** Farmers will receive "farm-cultivation" rewards including Transaction fees (1 part) and Token. These are usually Governance tokens (governance tokens). With these tokens Governance, one can: • Staking to increase the percentage of rewards. • Voting to vote for changes and policies of that project. • The need to own a Governance token keeps increasing. ### **10. Swap** Transactions in DeFi often use the word Swap Money (token) users put in the Pool and exchange for another token. At the same time, another user will receive back the token that the user gave. Swap-enabled exchanges need to know: • Uniswap (Ethereum). • JSBswap (Tron) • Hora Swap (BSC)
# 3. DEFI BANK # 1 .Current banking services (Traditional banking ) People in the developed world will most likely have a bank account that they use for their simple everyday financial needs. Popular retail banking services include things like: \- Trading Bank Account: Your daily trading account usually gives you low-interest rates. The APR will most likely be below 2% these days. \- Higher Interest Term Deposit: Where you deposit money on a fixed rate and term. Usually gives you a higher interest rate than your trading bank account. Will come with a penalty fee for an early break. The banker then uses your money for fractional banking. \- Unsecured Loans \- Smaller-sized loans are called Personal Loans based on your credit history. You don't require collateral to secure your capital, but the risk of default for the bank is minimized through higher interest rates. \- Mortgage Loans \- Larger loans such as Mortgages and Margin Loans. You will need to provide collateral to secure funding. If you fail to pay the debt, the bank will seize and sell your property. \- Trading accounts: For trading securities and derivatives markets. You may be charged a transaction, custodial, or administrative fee. \- Insurance: A place where you pay premiums for a variety of insurance in case things don't go as planned. Examples might be Life, Health, Family and Content Insurance. \- International Money Transfer: Exchanges and transfers of legal currencies across borders. \- Credit Card: A plastic card that uses MasterCard or the Visa network to let you buy miracles. Seller is charged about 3%, most likely passed on to the consumer. You may also be charged an annual membership fee. Reward programs can be attached to cards allowing you to earn points and redeem rewards. \- Retirement Account: A regular contribution account comes with attractive tax benefits. These funds are usually locked away until you retire around age 65.
Basically, at the simplest level, the Bank acts as an intermediary between the Depositor and the Borrower. They are tightly regulated by Agencies and Governments so certain types of trust can be established. For that trust, you have to pay a bank fee. But things are changing with Blockchains and DeFi apps. Now trust can be established in computer code.\ \
# 2. Defi Bank DeFi platforms are fast becoming one of the most used Dapps in the blockchain ecosystem. The more people discovering alternative investment strategies, the more popular the DeFi movement will become. The potential for decentralized finance to compete with traditional banks is enormous. There are many services that could be interrupted. Hopefully, in the future, you will not need a bank to act as a middleman for all of your investment needs. Alternatives are coming, especially for those who don't have banks. # 1. What does Defi Bank look like? This platform will provide all of the following functions: \- Loan \- Rate Change Account has no minimum deposit amount and lockout time \- The ability to provide a fixed interest rate and a maturity that the borrower can then accept in the market. \- Advanced ordering features like Stop Loss, Limit and Market orders. There are no transaction fees other than gas fees. The gas fees on Ethereum IMO are too high and are a major barrier to more transactions being done on DeFi's. Gas prices vary depending on the network load. \- Benefits for high-volume traders. Exchanges like Coinbase reward traders for trading a certain amount in the past 30 days in the form of a discount. If you can get bonus interest on your deposits by trading more, would you use DeFi via a decentralized exchange Mining the Liquidity pool of other DEX platforms. --- [Next Page](/llms-full.txt/1)