CMCGlossary: DeFi ✨ A movement encouraging alternatives to traditional, centralized forms of financial services. Details:
Traditionally, almost all financial transactions involve an intermediary of some sort. When a customer makes a payment with a credit card, there are several parties involved. At multiple stages, third parties have complete oversight of the details of theThe DeFi movement is based on the idea that the financial system should not be controlled by monopolistic third-party providers of this sort, and that it should instead be decentralized.
There is a large and growing range of players in the world of DeFi. Most major applications are built on Ethereum, which allows for the development of decentralized software. They make use oftechnology to minimize or completely remove the need for human or corporate gatekeepers. DeFi providers are building alternatives to traditional financial services, as well as entirely new products. Existing DeFi applications include
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DeFi securitization of real-world assets poses credit risks, opportunities: S&PS&P Global Ratings takes a deep dive into DeFi securitization and what it could mean for traditional finance. (Reporting via forgeforth_)
Read more »
Cardano Upgrade Aims to Improve Cross-Chain Features as On-Chain DeFi Crosses $100M TVL“This upgrade will bring new cryptographic primitives to Cardano, encouraging greater interoperability and secure cross-chain dapp development with Plutus,” IOG said Wednesday.
Read more »
DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin.chainlink Automation will run specific tasks, including price updates and liquidity balancing, to help maintain the stability of Maker’s $5 billion DAI stablecoin. sndr_krisztian reports
Read more »
How to Avoid the Death of DeFi in the Wake of FTX'The way to end fraud and criminality in the crypto space is to give DeFi a clear and justifiable use case. To this end, the industry needs to take some cues from the traditional banking sector.' Opinion bond_dog_51 umee_crosschain defi
Read more »
2019 vs 2023: Analyzing The Market Structures | CoinMarketCapThe crypto market started 2023 on a bullish note — Bitcoin went up by almost 40%, while many altcoins experienced over 100% gain in value. In today’s article, we will compare the current BTC price action to the one back in 2019. Let’s dive in! 🔎
Read more »
Decryption | CoinMarketCapCMCGlossary: Decryption ✨ The process of transforming encrypted data back into a format that is readable by a user or machine. 👉 Details:
Read more »