Exploring the Intersection of DeFi and Traditional Banking
Imagine this: Blockchain-based financial services. No gatekeepers; they simply lend and borrow without request. DeFi for you, then. It embodies transparency. Our dependable conventional banking system is a tried-and-true structure that has controlled our economy for millennia. It has served as our safe haven, mediator, lender, and borrower. The truth is that while DeFi is upending everything, it has no intention of destroying traditional banking. Instead, it's putting forward novel ideas. It pushes limits and is demanding, thought-provoking, and difficult. Get ready, everyone. We're at a fork in the road where DeFi and conventional banking meet, and the journey ahead looks exciting. Understanding DeFi: A Closer Look Let's explore the world of DeFi in detail. When we discuss DeFi, we're referring to a blockchain-based financial system. What is blockchain, exactly? It functions as a sort of electronic ledger for transactions. It is what gives cryptocurrencies lik...