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DeFi.
The Decentralised Finance future is starting now…
What is DeFi and Why DeFI?
Defi has been making waves in recent times. Everyone has been riding the Bitcoin bull market as it reaches new highs and gets more and more headlines but the other side of things has been hotting up more and more.
Decentralised Finance or DeFi for short is simply a term that refers to financial services such as borrowing, lending, and trading that are conducted on decentralised blockchain platforms as opposed to being carried out in the centralised manner of current financial services. Many of these functions can be conducted by something called Smart Contracts.
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties.
DeFi is pushing the accelerator on its attempts to create a financial system that is beyond centralised governance and instead gives people full control over their assets and be able to partake in the financial system that is open, fair, and built for the technological world we live in. As…
