What is DeFi (Decentralized Finance)❓
What is DeFi (Decentralized Finance)❓
Decentralized Finance or a financial system without intermediaries work like a bank including building assets, borrowing, guarantees, money markets, various financial systems Even stocks can do it.
Bitcoin is also considered a type of DeFi. because it creates value for the price of the coin without intermediary Can transfer coins And there is also a reliable security system of the system. but in terms of work There are a lot of limitations and it is not possible to change the order of Bitcoin.
DeFi's goal is that Digital Assets or any stored assets or assets must become digital. And can also be used to exchange for other things without having to rely on money. Creating Digital Assets In short, creating assets in digital form. a virtual pattern similar to The money that we use in everyday life.
Usually exchanges are done through an intermediary, but decentralized exchanges are connected and run on the blockchain. that are already safe and reliable causing more people to use this section
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