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How decentralized finance could reshape banking?

Answers (1)

Sunny David
Feb 28, 2022 02:34:35

Decentralized finance, as soon as a fringe thought, is gaining relevance because of a rising variety of tasks and proponents. “Software program is consuming the world. DeFi is the software program that’s beginning to eat Wall Avenue,” Tyler Winklevoss, founding father of Winklevoss Capital Administration and the Gemini cryptocurrency trade, mentioned in a current tweet. In its purest type, DeFi is finance that doesn’t depend on central monetary intermediaries similar to banks, brokerages or exchanges. As an alternative it depends on good contracts — authorized contracts written in and enforced by software program — on blockchains like Ethereum

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