Due to its growth potential, the decentralized finance (DeFi) market has gained notable traction in recent years. The still-growing market has revolutionized not only the crypto market but many other industries. It brings a new era in the world of finance by introducing a decentralized way of doing it.
Bryan Legend is one of the leading experts in this trending and developing DeFi space. He is the co-founder of OOXY Labs and CEO of Vulcan Blockchain, both of which are important contributions of his towards the DeFi market.
The DeFi space has attracted several investors, especially millennials, through its potential and unique services. The advent of DeFi is considered a crucial contender for delivering accessible solutions at a lower cost to the masses than the traditional centralized system. It aims to reach the communities more easily and conveniently than the traditional financial method.
DeFi provides its financial-related services through smart blockchain-based contractions without requiring any intermediary or third party like trading banking in banks, exchanges, etc.
Several industries are exploring opportunities in the DeFi space, as it can handle a large number of transactions while allowing users to have more control over their holdings. In addition, decentralized finance services also enable users to manage their assets as per their convenience.
Bryan Legend has continued to be at the forefront of the DeFi market’s development. His forward-thinking ability, along with expertise in the blockchain world, helped many investors to actively participate in the DeFi space.
The co-founder of OOXY Labs developed the Vulcan Blockchain to ensure that DeFi services are implemented in all areas of blockchain. He said any project built or launched on the Vulcan network automatically features DeFi solutions due to its Auto-rebasing technology.
The blockchain network aims to be as transparent as glass to the users that Mr. Legend believes blockchain is built for and by a community with trust. Considering the increasing crypto-related fraud events, transparency and security are among the important aspects of the blockchain market.
Another key reason the crypto market often gets criticized is its environmental impact. Many traditional cryptocurrencies like Bitcoin (BTC) use the Proof of Work (PoW) consensus protocol, which significantly impacts the environment due to its carbon footprint and emissions.
Unlike traditional networks, Vulcan Blockchain uses a Proof of Authority (PoA) consensus mechanism that reduces the environmental impact of the blockchain network. This way, it also attracts environmental-focused investors.
Mr. Legend and Vulcan Blockchain’s contributions to the decentralized finance sector are undeniable. Bryan Legend prioritizes the mass adoption of DeFi solutions by making them more accessible, even to the new investors in town.