DeFi, short for decentralized finance, refers to services where users can make transactions on a public blockchain without an intermediary like a bank or a broker. These peer-to-peer services take place through smart contracts on public blockchains, primarily Ethereum. In DeFi, smart contracts — which are contracts coded to automatically run on a blockchain when…
The article What Is DeFi? originally appeared on NerdWallet.
https://www.nerdwallet.com/article/investing/what-is-defi
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