Decentralized finance (DeFi) and its impact on traditional finance
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Apr 28
Decentralized finance, also known as DeFi, is a fast-growing sector in the blockchain industry. It refers to the use of blockchain technology to provide financial services in a decentralized and transparent manner. DeFi is built on decentralized applications (DApps) that enable peer-to-peer transactions without the need for intermediaries such as banks or financial institutions. DeFi has the potential to disrupt traditional finance in several ways, including:Eliminating intermediaries:One of ...
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