Understanding DeFi: The Rise of Decentralized Finance in Cryptocurrency
Decentralized Finance (DeFi) is a quickly rising movement within the cryptocurrency ecosystem that seeks to disrupt traditional financial systems by providing decentralized options to financial services corresponding to lending, borrowing, trading, and saving. Constructed totally on blockchain technology, DeFi leverages smart contracts to eradicate the need for intermediaries, equivalent to banks and different monetary institutions,…
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