LeoBridge - The Cornerstone to Leofinance Economy
Something amazing is coming to Hive that most people are not paying attention to, as a proponent of decentralization and as someone who embraces the ideology of self sovereignty and financial freedom,
I attest that Bitcoin is the first most important tool essential to achieving this goal, but the rot in the system extends far beyond what Bitcoin can handle.
In the light of this, as we attempt to achieve this ideology, so far, Hive is the next most important tool the world needs to be equipped with. But up until this present moment, there’s no fully decentralized exchange to buying Hive.
Governments clamping down on centralized exchanges is not a new thing. Hive is a cryptocurrency that the regulators will want to throw a feat at as it’s user base grows. We saw a glimpse of it on Facebook as it was firstly about to launch DIEM.
In an hypothetical case where Hive is being clamped down on. How will Hive investors buy or sell Hive into and from other tokens?
This is where Thorchain comes in and why Thorchain is so essential to the entire cryptosphere. We all know governments can move mad at anytime, up until now, Thorchain is still the only protocol developing a fully censorship resistant decentralized solution for exchanging native cryptocurrencies from several chains in one place without wrapping.
Through Thorchain, anyone will be able to use the busd or USDT or UST(soon) or native BTC in their decentralized Trust Wallet to buy/sell Hive without any vigorous KYC process.
But it doesn’t come without it’s own limitations.
Due to the complexities of developing untop of the first layer, Leofinance, a product of a second layer solution on Hive is moving to develop a bridge on Thorchain through which Leo tokens will be the bridge of exchange between Hive, some ERC20, BEP20’s and other tokens on Thorchain.
We saw how Leofinance expanded into Ethereum, creating a bridge between Hive and Ethereum, we also saw the same thing replicated on BSC, creating a bridge between Hive and BSC. I think this connection to Thorchain is about the biggest and most important thing to Hive and the rest of the world as we attempt to achieve a truly decentralized ideology.
Bitcoin upholds the decentralized censorship resistant money ethos.
Thorchain upholds the decentralized censorship resistant exchange ethos.
Hive upholds the decentralized censorship resistant social money ethos.
Time has shown that the present system is in need of a complete overhaul by a new ideology that benefits every player rather than a select few, the ideology behind decentralization is a major step in achieving this. As we run this race of making humanity better than we left it, These 3 unstoppable forces will be tools we heavily rely upon.
I see a very bright future for LEOfinance going forward and I think this year will be a major one as ground breaking developments are made.
Thanks for reading.
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I think this will be the future of Hive thanks to our amazing project at the top of the blockchain. The inter-blockchain transactions are making Hive unique and needed in nature. RUNE will be one of the best fits for our ecosystem thanks to WLEO ^^
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I like the whole concept. Infact I love it
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I know Leofinance since SteemLeo. It had advanced after HIVE hard fork and price of which also rose However, it has went down then.
True, as commonly goes on in this crypto space, price doesn’t always reflect rate of development, it’s part of the growing pains, the good thing is that eventually, development will prove its worth.
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I guess thorchain is nothing but a blessing to the decentralization of cryptocurrency idealogy.
Na so. You’re following
That is interesting, I can't help to wonder when that happens if it will increase the value of Leo?
Well, a lot of Leo will be taken off circulation as they are plugged into liquidity pools, this should have a positive effect on the demand for Leo as people want to farm rewards.
This is what i think.
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