Decentralized Finance (commonly referred to as DeFi) is a blockchain based and cryptographically secure form of finance. Inspired after the financial crisis of 2008, DeFi does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum. DeFi platforms allow people to verify any transfer of ownership, lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against…
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I am leaning towards yes, but this uses a lot of processing power and therefore energy
No, because banking systems should be subject to government regulation, and should not have an outsized environmental impact
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I don’t understand the concept of decentralised finance.
@8WFF26D3yrs3Y
I would prefer to educate myself more on this topic before answering
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