What is decentralized finance, otherwise known as DeFi? Many new terms are coming out of the world of blockchain, but this one may very well be one of the most essential to learn.
Decentralized Finance (DeFi) is poised to transform the entire financial services industry by creating peer-to-peer alternatives to traditional financial services and institutions.
The inception of blockchain as a solution to secure data is a welcome change. All the more now, as social media platforms have leveraged their pervasive presence to abuse people's privacy constantly. It is a fact. A fact that has attracted massive public outcry in the last few years.
Why has bitcoin's market valuation soared past $1 trillion? Why is cryptocurrency a $2 trillion asset class today? Why are people suddenly going bonkers over a meme coin named DOGE? Why are NFTs making front-page headlines on every major news daily?