What is DeFi in Blockchain | Decentralized Finance Explained

What is DeFi in Blockchain | Decentralized Finance Explained



What is Decentralized Finance (or DeFi)? Well, it is a financial system that eliminates third parties such as banks from financial exchanges by using blockchain technology.
Instead of using an intermediary that controls the financial flow, DeFi uses P2P (peer to peer) to eliminate the limitations of a centralized system without compromising security. Sounds interesting? Then do watch this video and learn what is Defi in blockchain along with how does Defi works.

Video Walkthrough,
0:00 Introduction
0:16 What is DeFi in Blockchain | DeFi Explained
1:27 Can’t Banks use DeFi?
2:17 How does DeFi works? A short explanation
3:07 Applications of Decentralized Finance
5:34 Traditional Finance vs DeFi
7:25 Pros and Cons of DeFi
10:30 Key Takeaway: Future of DeFi

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#Crypto #Blockchain #DeFi #DecentralizedFinance #BlockchainTechnology #Fintech #Bitcoin #Ethereum

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