Decentralized Finance (DeFi)

Decentralized Finance (DeFi) is an emerging technology in the cryptocurrency exchanges and financial service sector. The most intriguing aspect of DeFi is the absence of a central authority. DeFi enables individual-to-individual transactions, aiming to bring more transparency to transactions and empower individuals rather than allowing a central authority to control the entire system.

A Decentralized Finance (DeFi) system operates through peer-to-peer (P2P) financial networks, eliminating intermediaries such as banks or other financial service providers. DeFi works on blockchain technology, eliminating the need for these intermediaries because these financial providers charge customers and businesses for their services.