Is DeFi really decentralized?
Blog iconLucky boom
Oct 31
In fact, a lot of DeFi is implemented through smart contracts on the blockchain. Take Ethereum, the largest smart contract operation platform, as an example. After the smart contract is developed and deployed on the blockchain, its code cannot be rewritten, but its state can be controlled by an external account. For example, we can set one or a group of administrator addresses for the contract, and these administrators can have various preset capabilities to manipulate the contract. For examp...

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