Decentralised Finance (DeFi)
- DeFi is the term used to describe financial applications built on blockchain technology, which in turn aims to democratize the economic landscape by replacing centralized institutions such as brokerages, banks or exchanges.
- It draws its inspiration from blockchain, the technology that powers Bitcoin, Ethereum and other cryptocurrencies, in which a collective group of entities holds the records of transactions in lieu of a single entity.
- DeFi, however, expands the scope of these transactions from simple transfers to more complex financial use ....
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