DeFi's Opportunities and Dangersby@futuristiclawyer
426 reads

DeFi's Opportunities and Dangers

tldt arrow
Read on Terminal Reader🖨️

Too Long; Didn't Read

Decentralized finance (DeFi) can be defined as an ecosystem of protocols, applications, investors and traders that use smart contracts to perform financial transactions in an open, permissionless and transparent way. The main quality of DeFi is, as the name suggests,” decentralization” There is no intermediary company standing between transactions to collect user data or to profit from transaction fees. DeFi uses cryptocurrencies instead of state-issued fiat money. This makes DeFi more flexible and interoperable compared to FinTech solutions.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - DeFi's Opportunities and Dangers
Futuristic Lawyer HackerNoon profile picture

@futuristiclawyer

Futuristic Lawyer

Learn More
LEARN MORE ABOUT @FUTURISTICLAWYER'S EXPERTISE AND PLACE ON THE INTERNET.
react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa