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KnitFinance is a unique decentralized protocol that combines real-world multi-chain composites, bridges and markets

 





Introduction

Blockchain is known to be the technology behind the world's most famous cryptocurrency system - Bitcoin. It can be said that as bitcoin becomes more popular in the financial market, it is causing fever in the tech world too. The number of companies that want to research and use blockchain is increasing, and the salary paid to blockchain engineers is also increasing. Every company wants to be one step ahead of its competitors and use technologies that represent the future of the world. Blockchain promises to fundamentally change people's lives not only on the internet but also in the real world, from finance to agriculture. But…


Blockchain problems
There are many other products that are also being introduced to apply blockchain technology, such as research, software, finance, logistics or data storage ... These are old problems, now there are solutions that need to be overcome. Has been studied for the application of blockchain technology. . However, is the blockchain application effective in those areas where blockchain has disadvantages, e.g. B. the inability to apply the computation depth due to the limitations of the current inseparable blockchain environment? This is because all computations in the current blockchain are iterated on all nodes and there is no actual external platform that can support computations in depth. Also, developers now have to use programming languages ​​they are not familiar with, which leads to longer and less efficient work processes. Another factor to consider is the interoperability of blockchains. In particular, some blockchain projects are also considering the use of external platforms for calculation purposes. However, they cannot provide a flexible solution that their out-of-chain calculations are compatible with. On another blockchain platform, top developers can only create their dApp on a specific blockchain. This therefore makes it difficult to achieve the goal of blockchain adoption. The final problem is the consensus that top developers can only create their dApps on a specific blockchain. This therefore makes it difficult to achieve the goal of blockchain adoption. The last problem is the consensus that top developers can only create their dApps in a certain blockchain. This therefore makes it difficult to achieve the goal of blockchain adoption. The final problem is consensus

KIT.Finance Solutions



KnitFinance is a unique decentralized protocol that combines real-world multi-chain composites, bridges and markets with profitability, credit, trade and fiduciary services through smart contracts. It also allows liquidity to be summarized across chains with a 100% transparent review. 

Community-led initiative.
Everything decentralized should be available to everyone and everyone. Today, however, DeFi mainly relies on ERC-20 tokens. The ERC-20 standard has proven to be an ideal choice for decentralized lending, borrowing, farming, etc. However, the involvement of other independent blockchain assets is not taken into account. These assets and their guardians pose a major barrier to entry for DeFi. KNIT.finance solved this problem in an error.

KNIT.Finance opens the entire cryptocurrency ecosystem for DeFi using cross-chain and bridging synthesis. Existing DeFi protocols define which tokens and which projects will participate. KNIT Finance's decentralized protocol uses smart contracts to pair the DeFi team with billions of non-ERC-20 asset chains. By creating a standard for non-ERC-20 coins to be converted into synthetic ERC-20 tokens, KNIT Finance is opening up a whole new world of possibilities.

Any coin or token on a blockchain can be converted into an equivalent synthetic ERC-20 token. Native tokens and aggregated tokens represent each other in a ratio of 1: 1. Conversely, ERC-20 tokens can also be aggregated on other blockchains on a 1: 1 scale with the help of KNIT. In addition to cryptocurrencies, there may be real assets aggregated with KNIT Finance such as fiat, gold, and stocks.



1. Every Coin
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.

2. Flexibility of ERC-20 standard
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.

3. Global Liquidity Pool
A global liquidity pool is being opened to Ethereum and vice versa.

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

5. Community-Driven
100% governance of these tokens will be through the community.

6. DAPPs
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


KIT.Finance opens up incredible opportunities for Altcoin and Ethereum DeFi. The protocol that brings new assets into the Ethereum network is highly liquid and allows for linking with existing opportunities to win.

Ethereum DeFi is evolving and Altcoins are creating a new utility. Bridge
the firewall for maximum compatibility
Knit.Finance has built exclusive Altkoynov bridges that carry Ethereum into the network. These packaged tokens are a unique form of synthetic asset backed 1: 1 by the introduced altcoin.




Conclusion
Finally, KIT.Finance deserves our attention with its qualified team and innovative ideas in the blockchain area. The goals of this project are clearly explained using the plausible facts in order to develop a solution for the blockchain trio at negligible cost. If you are looking for a transparent blockchain project with full team support; KIT.Finance amazing and unique platform is your best choice. With a team of professional and experienced promoters, the project will exceed our expectations and will definitely take the leading position among companies in the same industry.

You can find more information about knitting finance up to date:

Author
Bitcointalk Username: kusgie
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2614438
My Address (eth): 0xdc3741101f16074e0c3c96123bfb5966e555407f




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