I’m looking a lot into Defiable Project and, so far, it looks pretty good. I’m gonna talk about a little bit about it, and hopefully we can have a discussion.
The Defiable project has a few things that I didn’t see in any other project
1. Decentralized Proof of Ownership: Defiable provides a decentralized way for users to prove ownership and authenticity of their digital assets using smart contracts on the blockchain. This is just the way to go, in my opinion; being able to (in a clear way) prove that you own the assets that you actually own feels right.
2. Immutable Ownership Records: Once ownership and authenticity of a digital asset is established on Defiable, the records are immutably recorded on the blockchain, making it impossible to tamper with or alter the records. This feels nice because I don’t have to feel insecure about any of my transactions and can look back to them without any problems.
3. Easy to Use Interface: Defiable’s user interface is designed to be user-friendly and intuitive, making it easy for anyone to manage their digital assets securely. The platform provides a range of tools and features to help users manage and organize their assets. I myself struggled a lot with some platforms because of their interfaces, and so far, Defiable has been very easy to interact with.
4. Low Transaction Fees: Defiable’s transaction fees are lower than many other blockchain-based platforms, making it a more cost-effective solution for managing digital assets. This makes it accessible to a wider range of users, including individuals and small businesses who may not have the resources to use other platforms with higher transaction fees.
There are some drawbacks, though, but honestly, it’s not that big of a problem:
1. Limited cryptocurrency support: In Defiable’s current iteration, it can only support a handful of cryptocurrencies, like ETH, BTC, USDT and BSC. It still doesn’t support the large array of generated cryptocurrencies. (I personally only interact with these, but I can see why it might be a problem for some people).
2. No mobile app: Defiable still doesn’t have a mobile app, so people that interact with these platforms without a pc would be hindered by it.
What do you guys think? I’m curious to see what you guys think about it, do a little research on Defiable, I think it’s worth a shot! Thank you.
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What is this, an AI generated Whitepaper + Website + Reddit Post fed with the most generic Blockchain BS?
Where is the Usecase, the Blockchain Already guarantees Proof Of Ownership and Immutability without this low-effort project.
What a Waste of time.
I took a small look into it and I don’t know if I really like it. Let’s see if they can actually manage to get more success and see if they can actually deal with some of the problems.
For how long has this project been going for? Never heard of it till now, I’ll take a look and see what is it about