What’s DeFi?
DeFi (Decentralized Finance) is an rising monetary tech that eliminates intermediaries (banks, exchanges, dealer) in any monetary transaction like purchase/promote/commerce. It does this through the use of safe distributed ledgers (blockchain) for transaction.
~No single entity like banks management this mechanism
~Funds are held in digital pockets in contrast to checking account
~Solely requirement to transact is web connection
It democratizes conventional finance by changing centralized banking org. with decentralized peer to look (P2P) transaction.
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