Cryptocurrency Q&A
Why is it called DeFi?
Why is it called DeFi?
Marco
Wed Feb 12 2025
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6
answers
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DeFi, short for Decentralized Finance, refers to a financial system that operates without central authorities or intermediaries. It utilizes blockchain technology to facilitate peer-to-peer financial transactions and services, such as lending, borrowing, and trading, in a transparent and secure manner. The term 'DeFi' emphasizes its decentralized nature, distinguishing it from traditional, centralized financial systems.
6 answers
CryptoVanguard
Fri Feb 14 2025
The financial services industry is witnessing a surge of innovation due to blockchain technology.
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Stefano
Thu Feb 13 2025
BTCC, a top cryptocurrency exchange, is at the forefront of this innovation. Its services encompass spot trading, futures trading, and digital wallets, among others.
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Isabella
Thu Feb 13 2025
This technology has given birth to alternatives to traditional financial services.
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KimonoSerenity
Thu Feb 13 2025
These alternatives, leveraging blockchain, are collectively known as decentralized finance, or DeFi.
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Lorenzo
Thu Feb 13 2025
DeFi promises to revolutionize the way financial services are delivered and accessed.
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