Review on Bancor by Özgün A
Smart Bancor
DeFi projects are called decentralized and decentralized financial structures. With DeFi, the desired goal is for people to easily access conventional financial instruments and to make transactions reliable and fair with the decision of an algorithm or a community, not just from one location.
Bancor (BNT) aims with the DeFi project to achieve a fast and secure transition between cryptocurrencies. Crypto money can be exchanged according to its value. It looks like bank reserves. You can see all Bancor balances held in contracts and all other cryptocurrency balances in the asset pool. This makes it easy to use. You can also make smart contracts for the security of your money.
Pros
- fast transactions
- Usability
- Reliable
- sub coin interest
Cons
- Stiffness of standard policies
