The inception of blockchain-based solutions has made profound changes to the financial sector. While centralized platforms have rapidly gained ground, owing to their first-mover advantage, Satoshi’s original idea behind a peer-to-peer payment system has finally started to take off with the advent of decentralized finance (DeFi).
Today, the total value locked in DeFi has exceeded $50 billion, representing a significant shift away from centralized platforms.
PhoenixDAO is one such platform that is facilitating individualized decentralized transactions.
Overview of PhoenixDAO
PhoenixDAO is a community-led, decentralized platform that is reinventing digital identity across the world by deploying tailor-made solutions. The platform was developed to cater to