Published: 9 August 2022, 2:25 am Updated: 09 Aug 2022, 2:27 am
What is Decentralized Finance?
Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.
Understanding Decentralized Finance
Decentralized finance, or DeFi, manages financial transactions using cryptocurrencies and blockchain technology. DeFi intends to democratize finance by replacing old, centralized institutions with peer-to-peer connections capable of providing a broad range of financial services, including ordinary banking, loans, and mortgages, as well as complex contractual interactions and asset trading.
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Damir Yalalov
Damir is the Editor/SEO/Product Lead at mpost.io. He is most interested in SecureTech, Blockchain, and FinTech startups. Damir earned a bachelor's degree in physics.
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