DEFI: WHAT IS DECENTRALIZED FINANCE?

The Decentralized Finance – is the organization of services, similar to those banking on infrastructure which imply the absence of hierarchies , such as blockchain or that are less centralized than the banking system. An important part of this type of projects Cardano DEX are the automatisms that allow transactions to be carried out without external intervention, often based on the enormous strength of smart contracts .

The sector is relatively new – it exploits different types of cryptocurrencies and is now able to offer many services, even different from each other. There is also a strong integration between different projects and the liveliness with which new ones are born. A financial and technological world in constant turmoil, able to attract today both those who invest and those who are attracted by technology as such.

The decentralized finance is no longer a dream – but one that is faced with a future probably even more important. Entering this segment now, either by investing or by using the services directly, is probably the right thing to do. In this guide we will analyze the best projects , the best cryptocurrencies and we will also try to understand more of them.

WHAT IS DEFI AND WHAT DOES IT MEAN?

The DeFi – Decentralized Finance – is a new movement, heavily based on the world of criptovalute, which aims to have traditional banking services without the intermediation of the financial system controlled by banks. In large part, this system aims to stand on cryptocurrencies and blockchains that support smart contracts .

The applications in the DeFi area are already many: from the exchange of digitized assets, to the exchange of tokens, passing through automatic execution loans. The sector is still in the most primordial stages of its development and talking today about the future possibilities of this sector is practically science fiction, because what we see now on the market was inconceivable only a few months ago.

A sector in enormous turmoil, within which we can find very different tokens and projects, with one feature in common: to replicate those that are services provided by banks, exchanges and exchanges without intermediaries: basing everything on the strength of the blockchain and smart contract. As to the fact that it can guarantee horizontality, this is not always said. Because we are faced with a system that can also be implemented using supernodes  which all in all play a prominent role.

Finance thus organized always remains decentralized, precisely because it can guarantee the absence of monopoly on the part of nodes and sectors.

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