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If there’s one thing computer and finance experts agree on, it’s that crypto is the future. In a world dominated increasingly by cryptocurrencies, there’s a visible shift toward the decentralized, as individuals worldwide discover the liberation of peer-to-peer transactions.
As part of this march toward true decentralization, however, innovations have to be made, and sophisticated systems and networks have to be developed — both to hasten the popularization of decentralized finance (DeFi), and to enable the integration of the current centralized financial world’s intricacies.
An example of such intricacies is the way that complex systems are simplified for optimal customer experience. In order to achieve this, several prototypes will be made, modified, and sometimes replaced by better ones.
In this article, we'll look at one such innovation to the DeFi space: the Reef ecosystem, which has the most advanced EVM-compatible blockchains. Just as payment switches make several complicated processes seem easy and direct to users of banking applications, Reef’s platform intends to do the same.