Decentralized Finance (DeFi)
See also Decentralized Science (DeSci)
- Snippet from Wikipedia: Decentralized finance
Decentralized finance (often stylized as DeFi) provides financial instruments and services through smart contracts on a programmable, permissionless blockchain. This approach reduces the need for intermediaries such as brokerages, exchanges, or banks. DeFi platforms enable users to lend or borrow funds, speculate on asset price movements using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts. The DeFi ecosystem is built on a layered architecture and highly composable building blocks. While some applications offer high interest rates, they carry high risks. Coding errors and hacks are a common challenge in DeFi.
Web3: Web 3.0, Web 2.0, Web 1.0, InterPlanetary File System (IPFS), IPFS Glossary, Bitcoin Scam - Read http://MilesWMathis.com/bitfraud.pdf - Money Laundering - Money-Laundering Chits (MLCs), NFTs and Bitcoin are about Money Laundering (http://MilesWMathis.com/nft.pdf), NFT, Samuel Benjamin Bankman-Fried (http://MilesWMathis.com/sbf.pdf - Sam Bankman-Fried, SBF), Blockchain, Ethereum, dWeb - Distributed Web, Decentralized Science (DeSci), Decentralized Finance (DeFi), YaCy Distributed Peer-to-Peer Web Search Engine. (navbar_web3 - see also navbar_ipfs)
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