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Author Topic: What is Defi? Detailed discussion about defi.  (Read 15232 times)

Offline Nostoman

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What is Defi? Detailed discussion about defi.
« on: September 21, 2020, 12:04:47 PM »
There is something valuable about defi. The information will increase the scope of knowledge. defi is an acronym for "Decentralized Finance". A term for various financial applications in cryptocurrency or blockchain to disrupt financial intermediaries. The defi digital currency draws inspiration from the technology blockchain behind Bitcoin, which allows several entities to keep copies of transactions. Which means it is not controlled by any single, central medium. This is important because centralized systems and people can limit the speed and sophistication of transactions while offering less control over their money. Defi is unique because it extends the use of blockchain from simple complex transfers to more complex financial uses. Discuss your opinion.

Link to my bangla post about defi: https://www.altcoinstalks.com/index.php?topic=170845.0

Please visit the link below to see the discussion of my previous post about defi: https://www.altcoinstalks.com/index.php?topic=169340.0
« Last Edit: September 21, 2020, 12:12:32 PM by Nostoman »

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What is Defi? Detailed discussion about defi.
« on: September 21, 2020, 12:04:47 PM »

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Re: What is Defi? Detailed discussion about defi.
« Reply #1 on: September 21, 2020, 07:09:37 PM »
There is something valuable about defi. The information will increase the scope of knowledge. defi is an acronym for "Decentralized Finance". A term for various financial applications in cryptocurrency or blockchain to disrupt financial intermediaries. The defi digital currency draws inspiration from the technology blockchain behind Bitcoin, which allows several entities to keep copies of transactions. Which means it is not controlled by any single, central medium. This is important because centralized systems and people can limit the speed and sophistication of transactions while offering less control over their money. Defi is unique because it extends the use of blockchain from simple complex transfers to more complex financial uses. Discuss your opinion.

Link to my bangla post about defi: https://www.altcoinstalks.com/index.php?topic=170845.0

Please visit the link below to see the discussion of my previous post about defi: https://www.altcoinstalks.com/index.php?topic=169340.0
Hello brother, DeFi a completely new topic in our Altcointalk forum but day by day people are getting popular with DeFi and DeFi based projects. DeFi is a decentralized finance with biding relatoin with cryptocurrencies.

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Re: What is Defi? Detailed discussion about defi.
« Reply #2 on: September 21, 2020, 07:47:01 PM »
I think DeFi is the best financial solution that is not controlled by any party, even the government. DeFi can be your bank, you can borrow and give loans that are easy, safe, fast and transparent through blockchain technology.
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Offline Nostoman

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Re: What is Defi? Detailed discussion about defi.
« Reply #3 on: September 21, 2020, 09:13:10 PM »
Hello brother, DeFi a completely new topic in our Altcointalk forum but day by day people are getting popular with DeFi and DeFi based projects. DeFi is a decentralized finance with biding relatoin with cryptocurrencies.
Yes. Your well thought out comment about defi is fine but you said it briefly. Can tell in detail. If you know how to discuss in more detail, you can discuss here. Now everyone wants to know more about defi. That's what I did here.

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Re: What is Defi? Detailed discussion about defi.
« Reply #4 on: September 21, 2020, 09:18:43 PM »
I think DeFi is the best financial solution that is not controlled by any party, even the government. DeFi can be your bank, you can borrow and give loans that are easy, safe, fast and transparent through blockchain technology.
Yes, defi is not part of any government banks. But defi digital can play a lot of role in transactions and can be an easy way. Because digital transactions can be simple, secure through blockchain technology. Basically defi can be a possible result.

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Re: What is Defi? Detailed discussion about defi.
« Reply #5 on: September 21, 2020, 11:39:29 PM »
To be honest, I don't really understand the DeFi project yet, why the price of DeFi tokens can go up so high.  And I saw on the Coingecko site, on average DeFi Tokens have experienced a significant increase in price recently. I don't know this will last long or not, which is certain that the increase in the price of DeFi Tokens, especially YFI, has attracted the attention of Crypto Investors and Traders to take their eyes off other Crypto coins that are not part of the DeFi project token.
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Re: What is Defi? Detailed discussion about defi.
« Reply #6 on: September 22, 2020, 10:36:03 AM »
Imho, the definition of DeFi is much more extensive than the fans of getting uni tokens for free understand it.  ;D ;D

- Stablecoins as structural elements of decentralized technologies.

- Decentralized lending. Software tools for obtaining and issuing loans on the blockchain, without using a bank account.

- Decentralized exchanges. Buying and selling cryptocurrencies directly on the blockchain.

- Securing loans. Provision of digital assets to secure decentralized loans.

- Decentralized identification systems.

- The ability to combine structural elements of decentralized finance that perform different functions, like libraries of software modules.

- Management of risks.

 ...etc.
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Re: What is Defi? Detailed discussion about defi.
« Reply #6 on: September 22, 2020, 10:36:03 AM »


Offline bubbalex

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Re: What is Defi? Detailed discussion about defi.
« Reply #7 on: September 22, 2020, 10:45:13 AM »
DeFi is definitely the future of finance, in the growth of financial literacy, more and more people want to manage their assets, to invest and increase them, for such people must have new ways to interact with the industry, as the traditional too many barriers and unnecessary intermediaries. The current hype will go down, many DeFi projects will be dumped or devalued, but technology will stay and continue to evolve because there is real value behind it.

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Re: What is Defi? Detailed discussion about defi.
« Reply #8 on: September 22, 2020, 11:54:41 AM »
Yes, defi is not part of any government banks. But defi digital can play a lot of role in transactions and can be an easy way. Because digital transactions can be simple, secure through blockchain technology. Basically defi can be a possible result.
Therefore, DeFi is so popular with investors, it can be said that DeFi is a digitized bank that is decentralized. I believe DeFi will show better progress
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Re: What is Defi? Detailed discussion about defi.
« Reply #9 on: September 23, 2020, 06:51:52 AM »
DeFi is definitely the future of finance, in the growth of financial literacy, more and more people want to manage their assets, to invest and increase them, for such people must have new ways to interact with the industry, as the traditional too many barriers and unnecessary intermediaries. The current hype will go down, many DeFi projects will be dumped or devalued, but technology will stay and continue to evolve because there is real value behind it.
Yes, DeFi is a sign of the future of finance and financial literacy. I think more people’s resources will play a role in moving forward, people must make new plans for projects and future industries to increase the amount of people’s resources. Will continue to try to complete successfully. The current hype will be reduced by creating new ways. The use of technology will continue.

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Re: What is Defi? Detailed discussion about defi.
« Reply #10 on: September 23, 2020, 07:00:23 AM »
Therefore, DeFi is so popular with investors, it can be said that DeFi is a digitized bank that is decentralized. I believe DeFi will show better progress
DeFi will certainly improve. Because the development of human resources is very important for development. Because its effect increase the amount of human resources. I think the development and growing improvement is an urgent issue in the cryptocurrency market. Reviewing different aspects of the market, it can be said that the current DeFi is ruling the entire market. Only investing in DeFi tokens or coins. So the development of DeFi is possible.

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Re: What is Defi? Detailed discussion about defi.
« Reply #11 on: September 23, 2020, 07:18:44 AM »
Your information about DeFi is very nice. Because you have discussed DeFi in detail. I saw your two posts. Posted well about DeFi. I think Defi helps people improve and develop their crypto resources. Human resources can take the market to the next level. They may be able to benefit. There will be technologies, there will be development. The amount of resources will be more.

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Re: What is Defi? Detailed discussion about defi.
« Reply #12 on: September 23, 2020, 10:08:41 AM »
DeFi is definitely the future of finance, in the growth of financial literacy, more and more people want to manage their assets, to invest and increase them, for such people must have new ways to interact with the industry, as the traditional too many barriers and unnecessary intermediaries. The current hype will go down, many DeFi projects will be dumped or devalued, but technology will stay and continue to evolve because there is real value behind it.
You are absolutely right and I completely agree with you. The development of the DeFi industry in 2020 has already been called the "second wave of the ICO boom". The DeFi industry and the ICO boom combine the growth rate of the token rate, new projects and the number of investments attracted by startups. At the moment, investors have blocked more than $ 10 billion in various smart contracts of the platforms.
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Re: What is Defi? Detailed discussion about defi.
« Reply #13 on: September 23, 2020, 10:34:16 AM »
Decentralized finance / DeFi is currently ruling the market. Because all the coins in the market are related to DeFi. People are benefiting by investing in DeFi. I learned some details about DeFi. I started monitoring the market all the time. I want to invest in DeFi coins, I want to be profitable, I want to be optimistic. So I want to make an investment by continuing the trend of investing my money. I think DeFi coin increases the amount of wealth and helps in the development of wealth.
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Re: What is Defi? Detailed discussion about defi.
« Reply #14 on: September 23, 2020, 12:09:22 PM »
Decentralized finance / DeFi is currently ruling the market. Because all the coins in the market are related to DeFi. People are benefiting by investing in DeFi.
DeFi can be profitable because many investors are taking part with their funds. But we also have to be able to read market movements correctly so as not to lose. DeFi movements are very quickly
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