What is PolkaParty?
Decentralized finance (DeFi) is about a monetary system that uses a public blockchain. It is a new monetary system and hence is one of the hot topics among industrialists, and blockchain experts. In essence, the term “public” is very important here. This can be likened to the one on the Ethereum public blockchain. On a public blockchain, there is no place for a centralized authority to govern this financial system. The need for DeFi stems from the fact that financial services are not available to everyone worldwide. Nearly 1.7 billion people worldwide lack the means and access to financial services. Financial institutions are also unable to provide the necessary infrastructure to allow more people to access these services. The existing infrastructure is huge, but lacking in reaching everyone out there. What is Polka Party? The solution was to create a platform that would allow anyone to create or join a party with friends, family and most importantly DeFi veterans, navigating a l...