Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: ShiraWilliam on September 25, 2020, 01:16:05 PM
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Decentralized Finance (DeFi) is a protocol which build to replace the traditional finance service and it is developed from the blockchain. The name itself defines it and makes it easier for understanding about its concept in a simple easy way. The special part about DeFi is,
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I'm a big user of DeFi protocols and I like the innovation because it would replace traditional finance systems and provide us with better opportunities to earn money with our funds.
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Decentralized Finance (DeFi) is a protocol which build to replace the traditional finance service and it is developed from the blockchain. The name itself defines it and makes it easier for understanding about its concept in a simple easy way. The special part about DeFi is,
• Open Community of decentralized finance platform
• Traditional Finance transaction way across the globe
• Smart Contract is enabled to improve the scope in every possible way
• Now DeFi is implemented as dApp to make it become more handy & reachable to peoples
• It is widely built in the blockchain platform like Ethereum.
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Thank you bro.The idea about DeFi was a little low. But after reading this post, I have gained a complete idea. These DeFi coins have become very popular nowadays. Currently people are investing in it.
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‘Decentralized Finance’ Defi – has joined FinTech, RegTech, cryptocurrencies and digital assets as one of the most discussed emerging technological evolutions in global finance. Yet little is really understood about its meaning, legal implications and policy consequences. This article introduces DeFi, puts DeFi in the context of the traditional financial economy, connects DeFi to Open Banking and ends with some policy considerations.
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Defi is a face of new crypto. All traditional instruments appear in crypto field. Like structured deposits instead of bank deposits, crypto debit cards etc
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Defi is a revolutionary concept in the world of finance. It brought a lot of good innovation with it, but it also has its vulnerabilities, mostly because it is not well regulated and that makes scammers' jobs easier.
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Got a brief one on this...Decentralized finance—often called DeFi—refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain.
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Thanks for the information. But I must say, investor are venturing into defi projects because of the numerous features which it have. Yield farming, staking, liquidity. Etc. Just name it
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DeFI projects are mostly based on Ethereum platforms/ERC 20 assets support. Recently defi projects are becoming more and more popular. But another important information that , recently many unaspected and fake projects available in market. Don't invest in such kind of scam projects.
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Defi is a face of new crypto. All traditional instruments appear in crypto field. Like structured deposits instead of bank deposits, crypto debit cards etc
Yes DeFi is the boarderless and permission less trading and investing systems with borrowing money, deposits with credit and debit card. It has no presence of any third parties.
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I hope it will be great if you write with the idea from any news without copy paste. I think it is better to refrain from these. Currently, the number of users and visitors is increasing. So be careful. @ShiraWilliam
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I think the emergence of Defi brings about huge development to cryptocurrency as a whole. Most of it's features are what we've never seen or heard before. What makes it even more unique is their are numerous ways investors can earn big while doing little or nothing.
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Decentralized Finance normally called DeFI. DeFI is the open source finance which has no restrictions to participate or need any permission to participate. One can easily takes part in DeFI without permissions.