DECENTRALIZATION (THE FUTURE OF FINANCE)

Finance has evolved over the years, from book keeping to double entry accounting system using ledgers and now, triple entry accounting system using blockchain where mathematical equations and cryptography create records on a permanent tamper-proof digital ledger. On blockchain, the first record is from the sender, the second record goes to the receiver and third record stays on the network node forever, which is why it can be looked up by anyone anywhere on a blockchain explorer with full details of the transaction using the transaction hash or going through the transaction history of a public key address.
The power of financial liberty for the global economy, lies within decentralization where authority is given back to the people, in a distributed and anonymous manner hence there is no chance of centralization and factors pleasing to only the minority instead of the general public.
Blockchain allows for protocols to be run as a decentralized autonomous organization (DAO), where any participant of the network is allowed to pass a proposal and others vote as node/validators and delegators which allows fairness without segregation. This factor allows for parameters set on the blockchain network to be adjusted, according to the sustainability of the participants in general to maintain a fair economy for the participants and continuity of the network.
Blockchain networks are incentivized for participants on the network. Participants range from validators (those that run the blockchain program as a node to maintain its liveliness), delegators (owners of the token(s) supported on the blockchain network that have been locked/bonded to validator nodes for a period of time to support the network), token holders (these are those that prefer to store the network supported tokens they hold without locking them).
Validators earn reward after a certain period of time repeatedly on the network called epoch or it could be per block that is mined for running the network and they also get paid delegation fees at flexible rates that are reasonable and affordable to the delegators. Delegators earn reward for staking tokens to validators on the network and pay a fee to the validators for every staking period (lock date to unlock date). Token holders earn a given APR for just storing tokens in a wallet (this is not available on every blockchain network).
Decentralization has given room for financial activities like lending, borrowing, liquidity mining, yield farming, staking, stake-drops, work-locks and many more activities on blockchain that the traditional financial institution cannot catch up with because of how they are regulated and controlled by organizations comprised of few people.
Xend finance approaching the credit union sector with the approach of decentralized finance offering a reward to match every contribution, staking, lending/borrowing, up to 15% APR. on contribution and a DAO has come into the decentralized ecosystem at the right time, through the right backers and with the right team, in a good territory (Africa) for a use case ready for adoption. The future of credit union savings can be xend finance.

https://xend.finance
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https://t.me/xendFinance