The users of the decentralized protocols are fully in charge on future voting decisions and receive the revenue generated through their usage.
All payments and transactions are settled on the blockchain. Having the blockchain, an immutable ledger, as base layer, everyone is able to verify asset holdings and check confirmed transactions.
Everyone with an internet connection can participate in this new democratized banking system.
Slow and expensive intermediates get replaced by autonomous, self-executing digital agreements (smart contracts). These smart contracts enable users to directly interact with each other without the need of third parties.