@q1uick21
Decentralized insurance flips the old risk model on its head. Smart‑contract pools let policy holders fund coverage themselves—no middleman fees, transparent claims, instant payouts. If a loss occurs, the contract auto‑executes based on on‑chain data, cutting costs and boosting trust. In essence, the community becomes both insurer and insured, turning risk into a shared, self‑sustaining pool.