With the digitization of banking and even money, financial transactions require additional security to maintain user privacy and prevent fraud. Decentralized finance, or DeFi, is changing how individuals and institutions interact with their finances online. DeFi uses blockchain technology to increase security and transparency in decentralized transactions, with no intermediary or broker being required. This new financial system offers users a new level of openness, assessability, and efficiency that fiat currency does not. 

What Is Decentralized Finance?

DeFi refers to financial services backed by blockchain technology. Unlike traditional financial systems, which often rely on…

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