Cryptocurrency enthusiasts widely believe that DeFi, or decentralized finance, is the greatest potential use case of blockchain technology. It takes Satoshi Nakamoto’s original idea for a revolutionary new financial system and brings it to the next level on Ethereum (ETH) and other blockchain networks.
Decentralized finance is a blockchain-based movement that aims to bank the unbanked and give individuals greater control over their digital assets. DeFi products offer a new world of opportunity for those who might have been denied access to financial services in the past, putting everyone on a level playing field.
What is DeFi exactly? Can DeFi protocols and smart contracts replace traditional financial institutions and services, or is it all a speculative bubble waiting to burst?
What Is DeFi?
DeFi is a term used to identify financial products and services built on a blockchain. These protocols aim to…
