Too Long; Didn't Read
Decentralized Finance (DeFi) can be rightfully considered a third revolution in the crypto space. DeFi is an attempt to build an alternative environment, an ecosystem of applications powered by public blockchain networks in a decentralized, transparent and permissionless way. With DeFi, it is no longer a matter of creating a coin in an effort to replace fiat money, which mostly doesn’t work anyway. Instead, DeFi emerges thanks to smart contract tech and decentralized applications (or simply dApps) running them.