What is Ethlend? An Introduction To Blockchian Technology Based Decentralized Lending Platform
ETHLend is an Ethereum Blockchain based decentralized lending application (DAPP) which allows peer-to-peer lending backed by smart contracts.
ETHLend strives to remove the control and power held by traditional banks and large financial bodies to democratize the process-heavy lending drill. In stark contrast to other blockchain loan applications, ETHLend allows both the borrower and lenders in deciding the essential loan details without the requirement of a middleman. Thus, the interested parties can create a loan contract according to their own terms irrespective of their geographic positioning.