Decentralized finance is a term used to describe the shift from using traditional financial systems to using decentralized networks. Decentralized finance is likely to have a significant impact on how banks operate in the future. The potential to shift the structure of the whole financial system at a macroeconomic level is huge. DeFi is an umbrella term encompassing the vision of a … [Read more...]
GTON Academy. What is DeFi 2.0?
DeFi, or decentralized finance, is made up of all the decentralized alternatives to our existing financial world. The difference between DeFi protocols and traditional financial services is that DeFi doesn't require intermediaries—it uses blockchain technology to get rid of middlemen like banks, brokers, and stock exchanges, who can be expensive. In the past year, the growth of … [Read more...]
CeFi vs DeFi: what you need to know
For decades, the Centralized Finance system, also known as CeFi, has been used all around the world. However, with the evolution of the internet and the rise of web3, a new financial system flourished: DeFi, short for decentralized finance. Only time will tell. The long-term future of DeFi is uncertain. It is possible that DeFi will have a major impact on our daily lives, but it is … [Read more...]