Smart contracts are computer protocols that allow an agreement to be verified, controlled, and executed digitally.
Nov 11, 2022Saipriya Iyer
A Synopsis of How Web3 is Revolutionizing the Finance Industry and Pushing the Acceptance of DeFi
Defi can leverage Web3 to ease the processes such as receiving a loan, saving cryptocurrency, buying financial derivatives such as stocks, earning better interest than a bank, and money lending.
Aug 3, 2022REHAN HUSAIN
DeFi: A Growing Arm Behind NFT
Current crypto market trends point to DeFi and NFTs as the two most important constituents. For the time being, the two most common uses of blockchain technology are decentralized finance and non-fungible tokens. Non-fungible tokens enable asset tokenization, while DeFi provides decentralized access to financial services. However, it is critical to consider how NFT DeFi may be used to an enterprise's advantage.
Defining Financial Innovation, or DeFi, is a set of applications and peer-to-peer protocols developed on decentralized blockchain networks that allow lending, borrowing, and trading of financial tools with no access rights required.
A hacker exploited a vulnerability protocol to steal more than $600 million in cryptocurrency from a Decentralised Finance (DeFi) platform, Poly Network.
Learn what DeFi is and how it has grown significantly over the years.