Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on September 11, 2020, 10:26:48 AM
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Defi or Decentralized finance aims to bring it even a step further by combining both crypto and finance.
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Yes, of course Decentralized finance (Defi) aims to take crypto resources one step further by combining crypto resources and finance. Which increases the amount of crypto assets. More crypto projects can be successful.
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For the past few months, one domain that is of Decentralized Finance (DeFi) is very hot in the cryptocurrency space, and all eyes are focused towards the development of a DeFi product that can decentralize the digital economic system is its true sense. Decentralized Finance, in its simple sense, is basically the merger of traditional banking services with decentralized technologies such as cryptocurrencies and Decentralized Applications (dApps). In more technical sense, it refers to the amalgamation of all the decentralized products and services like digital assets, smart contracts, protocols, and applications.
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Nevertheless, it is not clear until when DeFi platforms last in crypto sphere. Being new born is vital to survive and overcome fraud and some basic and major cryptocurrency industry problems.
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Defi or Decentralized finance aims to bring it even a step further by combining both crypto and finance.
Defi (Decentralized Fiat) a bonding system of decentralized fiat with cryptocurrencies. Recently Decentralized fiat the world discussing phenomenon in current market situation.
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DeFi, an acronym for decentralization and the combination of the first two letters of Finance (Finance), is generally used for digital assets, financial smart contracts, protocols and decentralized applications (DApp) built on Ethereum. In the simplest terms, it seems that we will probably see DeFi in our lives for decades, maybe even hundreds of years, which can be described as a financial software built on a blockchain and assembled like toy blocks. Along with technology, many industries and sectors leave information technology in their hands; These technologies have taken over our daily lives in many areas from digital assistants to home automation. What if we told you that the same thing can now be true for money itself?
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Sure, this will have a positive impact by facilitating a financial system that is decentralized and transparent. This is a very good new era in blockchain development
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Yes bro. The coins that come in the market in combination with DeFi finance are definitely good and what those coins actually get a lot of popularity in the market.
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Defi or Decentralized finance aims to bring it even a step further by combining both crypto and finance.
My definition already you posted . Defi is a decentralized finance. Decentralized finance is going to strong when it combination with cryptocurrencies.
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Defi which stands for decentralized finance has an interesting concept as they automate certain procedures that would require too many middlemen in the process. Once someone defaults on his loan, collaterals are instantly liquidated. This is something that cuts every middle man involved as lawyers, judges, and all other personnel needed which can be at least 10 people performing useless jobs.
It can be used by banks and I bet they are looking into it since many years ago. I don't know when DeFi started but I know that banks were using the Ethereum blockchain to create and test certain applications. Perhaps some of what we see today.
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Sure, this will have a positive impact by facilitating a financial system that is decentralized and transparent. This is a very good new era in blockchain development
Yes brother you are right because Ethereum based platforms DeFi fully era of blockchain development.
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DeFi is a decentralized finance, DeFi protocols build an complex we net between finance and cryptocurrencies within decentralized exchange and decentralized applications (DApps). It acts to build decentralized applications, create smart contracts for Ethereum. DeFi deals with lending money, sending money, and decentralized applications without kyc and credit or debit card. It's a Ethereum based platforms which already gained success and huge popularity.
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Defi is a very nice coin. Everyone likes this coin. I think the price of this coin will increase in the future and it will become more popular. The senior brothers of this forum know better and understand that they must help the junior brothers like us with their valuable reply.
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DeFi is a decentralized finance system. Above all posts smae definition, DeFi is the decentralized finance system which based Ethereum platform and creating a strong bridge between finance and digital cryptocurrencies.
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I have no reply because above all experts members commenting same definition.
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I have no reply because above all experts members commenting same definition.
You can express your own personal information about DeFi and its advantages and disadvantages. We can gather your own information about DeFi mate.
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anyone think about defi tokens will be perform very well ?
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anyone think about defi tokens will be perform very well ?
I think so, of course DeFi, which already has a good reputation and good progress, will still attract investors.
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anyone think about defi tokens will be perform very well ?
Yes brother obviously DeFi projects performing very well. You can invest in defi projects before investigating deeply. Don't invest in scam DeFi projects.