REEF NETWORK POWERED BY POLKADOT TO UNITE CRYPTO BLOCKCHAINS

REEF NETWORK POWERED BY POLKADOT TO UNITE CRYPTO BLOCKCHAINS

Recently,there has been a clamor for a safe platform that will provide reliable, efficient and effective service in the cryptocurrency ecosystem.

The platforms various platforms that have been in existence do not have direct communication with the Decentralized finance, hence there is third party interference, a poor security system which gives room to fraudster invasion, hike in liquidity price, and advanced technological structures which can not be easily decoded.

The centralized (CEX) and decentralized exchange (DEX) systems would have been regarded to solve this problem. These two also has their lapses;
CEX has been proven inefficient while DEX is highly sophisticated making it difficult to understand and use. Given that these two exchanges do not connect directly to the Defi community, this has become difficult for so many investors, forcing them to turn to other systems with less sophisticated and easy-to-use technology.

REEF NETWORK

This is a decentralized system of multi chain smart engine and liquidity aggregator, pegged to polkadot on the binance launchpool.The network creates a relationship between crypto traders and links them to the liquidity pool exchanges and the Defi community. The platform also manages the risk in its crypto assets through its highly advanced technologies and these are as a result of its adoption of polkadot.

Polkadot on the other hand is a network that allows the connection of various systems to work in relation to each other on the platform. It allows the interaction of different blockchains while they still carry out their functions independently.

Reef finance makes it easy for users to access the Defi community and allows them access different information all on the same platform. This network aggregates necessary information on the same platform as well as sorts for available exchanges which the users might be interested in. This way, users on the platform have no need of scouting from one site or page to the order for their needed information.

For effective operation, the network has some complementary features that will facilitate the process, they are;general liquidity aggregator, advanced yield collectors, innovative assets management. These features are what differentiate and make reef the best option.

REEF's BENEFITS FOR BEING PEGGED TO POLKADOT

Absolute interoperability

By building on the polkadot, reef will emerge lead-off cross-chain network with Defi yield engine and liquidity aggregator, the advanced and sophisticated technology set up of polkadot will enable different systems functions independently on the same platform this is not excluding, centralized and non-centralized liquidity collectors.

Flexible And OpensSource Source Underlying Architecture

Most characteristics of a well developed Reef tokens would likely use 'a custom state-transition function'. This poses a need to develop on the polkadot a suitable chain. Hence, the reason why polkadot itself is backed by a substrate, which makes it possible to set up blockchains that can interact or relate with polkadot.

Expandability

The Reef finance will take advantage of the ability for polkadot to expand in its economy and transactions. This will address the issue of hike in gas prices and tackle the problem of ethereum 1.0 which insecurity is inclusive.

Non-centralized governance

The Power of decision on the polkadot is everyone's concern, the system allows everyone to actively participate. To facilitate the growth and productivity of the platform, this rightly compliments the Reef 'staked based governance' which eradicates any external influences.

CONCLUSION

The REEF network powered by polkadot just made digital life easy and enjoyable. Information accessible by simplifying information of highly sophisticated technologies to the understanding of even the newbies in the ecosystem.

With Defi, reef network has provided a safe, cheap and reliable platform where both traders,investors, and other users can interact with the blockchain, and also access information in one click. Also, with the help of polkadot, different blockchains can form and communicate with each other in the ecosystem.

Website https://reef.finance/

Writter Slimyvicky

Telegram Username @vickystar01