BitCoin Lend
BitCoin Lend is a decentralized lending application (DAPP) running on the Bitcoin Network that offers secure, peer to peer lending Smart Contracts
BitCoin Lend
BitCoin Lend is a decentralized lending application (DAPP) running on the Bitcoin Network that offers secure, peer to peer lending Smart Contracts. BitCoin Lend strives to democratize the process-heavy lending process by removing power and control held by traditional banks and large financial institutions. Unlike other blockchain loan applications, BitCoin Lend allows a borrower and a lender to decide essential loan details without the need of a middleman. Essentially, this means that a lender and buyer anywhere in the world can create a loan contract on their terms.Decentralization can fix many of the innate problems associated with our current centralized borrowing system. Here are the three biggest reasons the decentralization of loans makes sense.Trust: Decentralization completely removes the need to trust your loan provider and your counterparty. Loan collateral is locked and controlled by Smart Contracts that are broadcasted on the public blockchain.Transparency: The Ethereum network provides a transparent ledger which is open for inspection. Every transaction is recorded and can be verified. Ethereum’s transparent accounting removes the blind trust required by transactions between two banking institutions.Access: By utilizing the Ethereum network, Decentralization can fix many of the innate problems associated with our current centralized borrowing system. Here are the three biggest reasons the decentralization of loans makes sense.Trust: Decentralization completely removes the need to trust your loan provider and your counterparty. Loan collateral is locked and controlled by Smart Contracts that are broadcasted on the public blockchain.Transparency: The Bitcoin network provides a transparent ledger which is open for inspection. Every transaction is recorded and can be verified. Bitcoin ’s transparent accounting removes the blind trust required by transactions between two banking institutions.Access: By utilizing the Bitcoin network, Decentralization can fix many of the innate problems associated with our current centralized borrowing system. Here are the three biggest reasons the decentralization of loans makes sense.Trust: Decentralization completely removes the need to trust your loan provider and your counterparty. Loan collateral is locked and controlled by Smart Contracts that are broadcasted on the public blockchain.Transparency: The Bitcoin network provides a transparent ledger which is open for inspection. Every transaction is recorded and can be verified.Bitcoin ’s transparent accounting removes the blind trust required by transactions between two banking institutions.Access: By utilizing the Bitcoin network, BitCoin Lend lenders and borrowers can arrange loan transactions from anywhere in the world. Loan transactions take place from Bitcoin address to Bitcoin address allowing unrestricted, worldwide access. Unconstrained, both borrowers and lenders can access a much broader pool of loan liquidity. lenders and borrowers can arrange loan transactions from anywhere in the world. Loan transactions take place from Bitcoin address to Bitcoin address allowing unrestricted, worldwide access. Unconstrained, both borrowers and lenders can access a much broader pool of loan liquidity. lenders and borrowers can arrange loan transactions from anywhere in the world. Loan transactions take place from Bitcoin address to Bitcoin address allowing unrestricted, worldwide access. Unconstrained, both borrowers and lenders can access a much broader pool of loan liquidity.