Over the past few years, the Crypto and blockchain industries have grown from a niche market to a major player in the world economy. Further developments have brought new concepts like Decentralized Finance and their associated decentralized applications, or dApps. New tokens are coming onto the scene, and growth is strong across the whole market.
Adoption is increasing along with these trends and mainstream support from figures such as Elon Musk or the new Mayor-elect of New York City requesting to be paid in Crypto has propelled Crypto and DeFi to new levels. There are still many people who do not fully understand these concepts however, and adoption is somewhat slow due to this lack of information. Fortunately, there are companies dedicated to providing solutions and information in this new field.
Nimbus Platform is a cross-chain platform that uses the Ethereum and Binance Smart Chain blockchains. The platform can be leveraged for DeFi solutions and as a launchpoint for exploring the blockchain industry. Designed to ensure the complete control a person has over their assets and how they are used, the platform allows a user to attach their wallet and use it as they see fit. Whether their assets are staked in liquidity pools to gain value, lent out to other users, or even swapped for different tokens, users decide how the assets are used.
The Nimbus platform is also determined to earn its user’s trust. Transparency is key to its success and thus its source code is readily available for use. Smart contracts also govern the platform to ensure it is secure, and the CEO of Nimbus, Alex Lemberg seeks to continue this trend of trust building. “There’s a certain level of insecurity and a certain level of not having an established trusted relationship” he stated. The transparent and secure nature of the platform will create this trusted relationship.
Nimbus has grown rapidly since its inception and it has embraced DeFi with enthusiasm that is unparalleled in the industry. Though it is clearly dedicated, there is no long institutional history that other major players can claim. While Nimbus is focusing on earning the trust of its users, why do they deserve it?
To start, Nimbus never assumes that it is perfectly secure. Regular audits double check the system and a bug bounty for white hat hackers keeps a constant vigil for errors and bugs. Frequent updates ensure protection and the company takes great care to confirm that every transaction is transparent. Furthermore, Nimbus devotes great amounts of time and care to protect every user’s resources.
It can be a leap of faith for many people when they attach their wallets to a DeFi and Crypto company. The Nimbus Platform recognizes and appreciates the faith users give it and works to make sure your assets are secure and protected. Smart Contracts serve as the framework for the platform and the strict if/when nature of the Smart Contracts ensure secure transactions.
Events such as the 2008 Recession and the recent pandemic inspired recession have shaken the faith that many people have had in traditional institutions. Mistakes or outright corruption leads to financial disasters, and people want to get away from what they see as outdated or unpleasant methods. DeFi solutions are able to provide great levels of security that a traditional institution could never equal.
The Nimbus Platform focuses on innovation and forging a trusted relationship with its user base. Further developments and the adoption of new DeFi technologies benefit the platform as well as the growing numbers of users that have embraced the DeFi market.
