Understanding Decentralized Finance (DeFi): The Future of Financial Systems
Decentralized Finance, commonly referred to as DeFi, represents a revolutionary shift in the way financial systems operate. Emerging primarily on blockchain platforms, particularly Ethereum, DeFi aims to recreate and improve traditional financial services in a decentralized manner, removing intermediaries and increasing accessibility. This article explores the fundamentals of DeFi, its key components, advantages, challenges, and…
