Gwallet Tech A Hybrid Defi Blockchain Platform

Published on May 27, 2021

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Disclaimer: The text below is a press release that was not written by Cryptonews.com. Blockchain technology has been revolutionary as it has enabled the developments of novel financial products. Concepts like staking, mining and ICO have largely flourished due to the developments of blockchain technology. One area that has grown in leaps and bounds is the decentralized finance (DeFi) sector. Decentralized finance has changed the protocols on lending and staking with the sector valued at over $6 billion. There have been blockchain platforms that seek to simplify cryptocurrency and DeFi for mainstream adoption. One of such projects is Gwallet. Tech (Gwallet). Gwallet is a unique hybrid platform that combines two major aspects of decentralization. It consists of a decentralized exchange for DeFi enthusiasts and a peer to peer (P2P) exchange. Gwallet empowers users to trade directly with each other without interfering as a middleman. Its P2P platform offers an escrow service that ensures funds are kept secured during transactions with other traders. The best news is all P2P transactions will only use your private wallet. Gwallet is built on the popular Stellar blockchain network which gives it a unique property from other exchanges. Stellar is an open network for storing and moving digital assets and is one of the most secured blockchains in the crypto space. Stellar is also particularly unique as it focuses on offering quick and cheap cross-border transactions within its payment network. Gwallet incorporates these features and many more. It allows you to have complete control of your finances and secures your transactions that can be viewed on the blockchain ledger. One of the appealing qualities of Gwallet is the ease and speed of transactions in its ecosystem. There has been widespread criticism about the confirmation times of transactions performed on major decentralized finance platforms. This is due to the fact that most of these platforms are built on the time consuming blockchain. Transactions on Gwallet are processed on the Stellar blockchain and it has a block time of just five seconds making it one of the fastest in the crypto sector. Gwallet offers a difference as it has one of the lowest transaction fees among the decentralized exchanges. It has a minimum base fee set at 0.00001 which is among the lowest in the market. So you don’t need to worry about exorbitant charges when transacting on the platform. Gwallet also offers a dedicated smart tracker that helps users to check for best offers for token swap. The smart tracker is designed to scan the Stellar ecosystem for the best offers and is a unique feature aimed at providing the best trading opportunities for users. Gwallet takes customers’ security seriously and offers different security measures on its exchanges. It uses SSL encryption that ensures that data stored on its platform are encrypted from leaks and hackers.

All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/gwallet-tech-a-hybrid-defi-blockchain-platform-8689.htm

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