Author: rashadscholz

CreDA (Credit DeFi Alliance), the world’s first decentralized credit rating service has officially launched its platform following a successful open beta. Modeled after traditional consumer credit agencies, CreDA introduces the concept of personal credit scores into the $200 billion decentralized finance (DeFi) ecosystem populated by cryptocurrencies such as Bitcoin, Dogecoin and Ethereum. Leveraging existing blockchain infrastructure, CreDA provides a trust architecture for the relatively young and volatile ecosystem and a link between on-chain and traditional financial systems. It aims to simplify transactions for users, minimize risk for lenders and enable access to capital without the need for high amounts ... Read more