Decentralized Finance (Defi) – A new Fintech Revolution?

Introduction

If we can send an e-mail to almost anyone in the world, why can’t we send money to them easily? Or give them credit? These questions are the basis for the religions, practices, and goals of a paid government. In summary, Defi talks about the Decentralized financial area for applications based on the blockchain. Its whole purpose is to improve and use a shared system – without consultants like banks, paid services, or fundraising – all types of financial services in a clear and transparent network. Reliable blockchain.

DFI’s field is now facing a major crisis. More than $ 2 billion ($ 2 billion) in the last few weeks until 2020 – already used (“lock-in”) in some Departments for loan applications and credit services, exchange services, Decentralized Financial services for accounts (for example, written approval), accounting services, or other financial instruments such as foundations and markets. In that sense, Defi is not the one left, but it is the misunderstanding of the collection of ideas and plans to improve financial services and scientific restrictions, which remove the middle ground.

His success has brought Defi into the blockchain and fintech community and has grown in popularity among traditional players and beginners. However, it seems that these different parties often lack a clear understanding of what Defi is and is not, again, how Defi wins in terms of science, practice, and judgment. We strongly believe that DeFi’s growth and development are linked to better communication, political cooperation, governance, financial culture, and fintech.

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