What is decentralized finance? #shorts
defi decentralized Finance defi refers
to the fact that crypto works as a
direct link between two people two
parties buyers and sellers creators and
uh receivers and there’s no intermediary
there’s no third party in between you
and me and as a result blockchains are
able to operate faster and cheaper and
safer 24/7 imagine you doing stock
transactions without a broker in between
you or getting mortgage without having a
mortgage company in between you this is
why defi decentralized Finance is a term
you need to become familiar with
Decentralized finance (DeFi) refers to the fact that blockchain technologies create a direct link between two people. Digital Assets Council of Financial Professionals Founder Ric Edelman explained why DeFi is a growing field that investors need to begin to understand as the world of cryptocurrencies continues to grow. Edelman joined Yahoo Finance on April 23, 2024.
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