Difference between revisions of "Decentralized Finance"

Decentralized Finance (view source)

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Revision as of 23:03, 26 April 2022 (view source) Moleman (talk \| contribs) m Tag: Visual edit ← Older edit		Revision as of 02:14, 27 April 2022 (view source) Jimcrypted (talk \| contribs) m (changed link to cryptocurrency page) Tag: Visual edit Newer edit →
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	Short for decentralized finance, DeFi is a collective term for financial products and services on [[public blockchains]] ~~enabeling~~ anyone to use financial services anywhere. Unlike [[centralized finance]], also known as CeFi, DeFi is not dependent on centralized authorities for its operations but uses [[smart contracts]]. "Smart contracts" are programs running on the blockchain that can execute automatically without a third party when certain conditions are met. Smart contracts allow developers to build far more sophisticated functional applications that goes beyond sending and receiving [[cryptocurrencies]]. These programs are called [[decentralized applications]] (DApps).		Short for decentralized finance, DeFi is a collective term for financial products and services on [[public blockchains]] enabling anyone to use financial services anywhere. Unlike [[centralized finance]], also known as CeFi, DeFi is not dependent on centralized authorities for its operations but uses [[smart contracts]]. "Smart contracts" are programs running on the blockchain that can execute automatically without a third party when certain conditions are met. Smart contracts allow developers to build far more sophisticated functional applications that goes beyond sending and receiving [[Cryptocurrency\|cryptocurrencies]]. These programs are called [[decentralized applications]] (DApps).

	== Differences between DeFi and CeFi ==		== Differences between DeFi and CeFi ==