What’s decentralized finance "Defi", blockchain and cryptocurrencies?

Bitcoin was developed as a decentralized fee system however decentralized finance, or DeFi, proposes to do far more than that. Defi is an umbrella time period for an ecosystem of economic purposes constructed on blockchain know-how. This know-how can take away the necessity for banks sooner or later. Are blockchain, cryptocurrencies, or different decentralized finance techniques good for individuals and future economic system?

READ MORE: finance-and-could-it-be-a-death-sentence-for-banks” goal=”_blank”>https://www.euronews.com/2022/02/07/defi-explained-what-is-decentralised-finance-and-could-it-be-a-death-sentence-for-banks

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