JENCO TECH

  With decentralized finance, consumers are provided with more privacy and security. DeFi does not require any validation from a central authority to transact securely. No one will have access to steal anything as long as the users control their private keys or passwords. While in the centralized financial system , the clients’ information is stored on a central server at a single physical location, targeting repeated and reinforced malicious attacks.    

DeFi uses electronic devices to interact and display bidding or asking prices in real-time. Hence, traders do not necessitate being in the same location to initiate transactions. Everything is done virtually, and digital markets are made secure by blockchain technology.   Utilizing DeFi is more beneficial since users do not have to follow centralized rules. Direct, peer-to-peer exchanges can occur, given that various values are agreed upon irrespective of the current offline values. Dealers or third-party mediators can also be utilized. However, transactional prices are significantly lower than when using traditional and offline institutions. At present, these virtual markets are not regulated — a trait that most traders and DeFi proponents find beneficial. Hence, digital asset prices tend to be different across transactions and markets, especially because DeFi provides increased anonymity and price control to its traders.

  Traditional finance uses a centralized authority that maintains distinct currency values across nations. Banks and other financial institutions enable monetary transactions using uniform values that may change, depending on the present GDP (Gross Domestic Product) of the different nations whose currencies are used in particular exchanges. For instance, if the current exchange rate is 1 USD is 0.76 GBP , then all monetary exchanges are based on this present value. Currency values change depending on the time frame and location.  

  When it comes to the creation of next-generation financial primitives, Decentralized Finance (DeFi) does just that. By leveraging open source software and composable frameworks, DeFi allows anyone in the world to utilize financial services in a trustless and transparent manner. The team behind Jenco Tech will enable and bridge between non-crypto and blockchain user to “Defi”.

  Decentralized Finance (DeFi)  is one of the hottest applications of cryptocurrency and blockchain technologies––taking traditional financial concepts like securities, bonds, money markets, and more, and putting them on the blockchain puts significantly more power in the hands of those who participate in these markets, not just the middlemen who manage them. Without a doubt, though DeFi is a very nascent field, there’s an incredible amount of rising interest in trading on the blockchain and extending the financial capabilities of cryptocurrency.  

  The current bottlenecks for decentralized lending services are that it is difficult for traditional investors to understand and participate. That’s why Jubilee Group’s JENCO introduced a toolkit with advanced API to connect to make lending platforms including Poloniex, DDEX, Aave, Argent, Compound, and InstaDapp. This will ensure that participants will accurately lend out their crypto assets and receive it in time without compromising security. JENCO understands how hard and tedious it is for a crypto retail lender to find a platform to help them grow their holdings by lending out their coins. That’s why JENCO Loan is here to cut down on all costs and intermediaries making it easier for lenders to participate in decentralized lending. “There are a lot of new investors eyeing on decentralized lending. But for traditional investors, it is hard to understand the ins and outs of decentralized finance. This is where JENCO Loan comes in. We make sure that traditional