What is DeFi? Everything you need to know about the future of decentralised finance

0
35

Marc Wojno

Written by

Marc Wojno, Senior Editor

Marc Wojno

Marc Wojno
Senior Editor

Marc Wojno has been a writer and editor in the financial field for more than two decades.

Full Bio

on January 18, 2022

| Topic: The Future of Money

Decentralized finance, or ‘DeFi’, is an emerging digital financial infrastructure that theoretically eliminates the need for a central bank or government agency to approve financial transactions. Regarded by many as an umbrella term for a new wave of financial services innovation, DeFi is deeply connected with blockchain — the decentralized, immutable, public ledger on which Bitcoin is based — that enables all computers (or nodes) on a network to hold a copy of the history of transactions. The idea is that no single entity has control over, or can alter, that ledger of transactions.

Blockchain

|
CXO

|
E-Commerce

|
SMBs

|
Tech Industry

|
Innovation

LEAVE A REPLY

Please enter your comment!
Please enter your name here