Cryptocurrency Q&A What is DEF in crypto?

What is DEF in crypto?

Maria Maria Sun Nov 17 2024 | 7 answers 1369
I'm curious about DEF in the crypto world. I've heard it mentioned a few times and want to understand what it stands for and its role in the cryptocurrency landscape. What is DEF in crypto?

7 answers

KimonoElegance KimonoElegance Tue Nov 19 2024
It leverages the power of blockchain technology to facilitate transactions.

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Martina Martina Tue Nov 19 2024
Unlike traditional financial systems, DeFi is not controlled by any central authority.

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emma_rose_activist emma_rose_activist Tue Nov 19 2024
This decentralized nature allows for greater transparency and trust in transactions.

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IncheonBeautyBloomingRadiance IncheonBeautyBloomingRadiance Tue Nov 19 2024
Decentralized finance, or DeFi, represents a novel approach to organizing financial activities.

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WhisperInfinity WhisperInfinity Tue Nov 19 2024
DeFi enables users to engage in cryptocurrency-based exchanges and services.

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