Post
Topic
Board Tokens (Altcoins)
Re: [ANN] DSF - The SoFi Blockchain - Redefine Social Network with Blockchain
by
DSFchain
on 25/09/2020, 20:10:24 UTC
Hello! 👋🏻 In this post, we will tell you about the negative aspects of transactions through intermediaries

📌 Absolutely every person who came across the financial system was forced to use the services of intermediaries.

💳 For example, in the case of an international currency transfer via the SWIFT system, the bank acts as an intermediary. He charges a certain percentage for the translation, which seems unfair to many.

❗️ In addition, intermediaries, such as those in stock exchanges, are often dishonest and their sole purpose is to make a profit.

🔹 So, even when renting a house or buying goods, you often have to overpay for the services of third parties who cannot always fully fulfill all their obligations.

⚙️ It is for these reasons that decentralized platforms have been actively gaining popularity in recent years.

🤖 Their main feature is the use of smart contracts. This is a computer code that checks whether both parties to a transaction can fulfill their obligations. If so, then the deal goes through instantly and without any intermediaries.

✅ DSF uses smart contracts on its platform to secure user transactions, as financial security is the most important part of e-commerce and intermediaries can never guarantee it.

📢 Find out more about smart contracts in DSF and the possibilities they offer on our website: https://dsft.io