Since blockchain technology has evolved, so are new programs. One is your stock exchange, where you can exchange your cryptocurrency. You will now find thousands of inventory markets on earth. These stock exchanges are decentralized and split into the underlying stock exchanges. Decentralized inventory brings to market a system where all data is not kept in an archive where user information is secured in blocks with smart contracts. To be honest, I find such a stock market safer. Because the stock market essentially stores all of the user information in one repository. When it is not fully protected, there can be a number of problems. For example, the largest currency markets on the planet are truly only a central stock market when they are located in Binance. In addition, there are many different stock markets and they all have different characteristics. People intend to choose what's best for themselves if they rate such exchanges. But frankly, I personally haven't found a stock exchange yet. I am almost satisfied with every stock trade I use right now.

The stock market is an essential tool for its crypto universe. As we maintain all of our digital resources here, rate them and draw them from here. As blockchain technology develops, the market value and the purpose of the stock market increase and may continue to increase.

KnitFinance is a unique decentralized protocol that combines synthetics across multiple chains, Bridges, and real-world markets with yield, lend, trade and margin services through smart contracts. This also gives cross-chain liquidity aggregation in a Completely transparent 100% verifiable. Community-led initiative.

KNIT. Finance is the next generation of Defi protocol that aims to bridge multiple non-Ethereum chains with ERC20 in Phase 1. Any digital, lockable asset can be leveraged with KNIT. Finance by generating equivalent synthetic tokens in a 1:1 ratio, hence unlocking billions of dollars and trade access which can be censor proof.

Anything decentralized should be available to anyone and everyone. But DeFi today is predominantly dependent on ERC-20 tokens. ERC-20 standard has proven to be the go-to for decentralized lending, borrowing, and yield farming, etc. However, this leaves out the participation of other assets of independent blockchains. These assets and their hodlers have a huge barrier to entry into DeFi. KNIT.finance solves this problem in one fell swoop.

KNIT.Finance unlocks the entire crypto ecosystem to DeFi using cross-chain synthetics and bridges. Existing DeFi protocols determine which tokens and projects get to participate. KNIT Finance’s decentralized protocol leverages smart contracts to combine DeFi pools with billions of assets from non-ERC-20 chains. By creating a standard for non-ERC-20 coins to convert to synthetic ERC-20 tokens, KNIT Finance opens up an entire world of new possibilities.

Any coin or token on any blockchain could be converted to an equivalent synthetic token of the ERC-20 format. The original token and the synthesized token will represent each other in a 1:1 ratio. On the contrary, with KNIT, ERC-20 tokens could also be synthesized on other blockchains in a 1:1 ratio. In addition to cryptocurrencies, real-world assets such as fiat, gold, and stocks can be synthesized using KNIT Finance.

For every coin hodler, we provide an option to trade and leverage their coins in the DeFi space. Coins (E.g.: LTC) that were previously out of DeFi’s scope will now have complete access to all of DeFi’s features.

ERC-20 standard is known to be flexible, possessing the highest transferability and accessibility with the world’s second-largest blockchain network. Every coin now has the opportunity to leverage Ethereum’s flexibility.

A global liquidity pool is being opened to Ethereum and vice versa.

Stocks, Gold, and Fiat can be synthesized to trade on Decentralized Exchanges, essentially decentralizing centralized assets, giving more power to the trader.

100% governance of these tokens will be through the community.

DAPPs can now access tokens on other blockchains using only their Ethereum nodes via KNIT’s synthetic tokens. They can also receive payments in these tokens.

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

Our platform is focused on cross-chain synthetic materials to make them available for use cases including trading, lending, profitability and in-chain margin services.

By tokenizing assets, Knit Finance is activating a liquidity pool spanning multiple blockchains, as well as bringing DeFi into multiple chains, which until now has only been possible in Ethereum.

“The Elrond blockchain has some desirable technical properties such as high throughput, low costs, and highly configurable tokens, which we believe our users will find appealing. We’re excited to become a part of the fast-growing Elrond DeFi ecosystem!”

However, the clear presence of projects like KNIT.Finance is planning to revolutionize the entire stock market. KNIT.Finance wants to create its own stock swaps to answer all customer considerations and also wants to start a whole new revolution. In case you really want to learn more about the project, you should contact the project at the address below.

Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2773943

ETH : 0x4d387FB72dB04B74DEaE07525d785A797d5A96b8