A blockchain is a continuous sequential chain of blocks (a connected list) containing information built according to certain rules. The connection between the blocks is provided not only by numbering, but also by the fact that each block contains its own hash sum and the hash sum of the previous block.
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Advantages of DeFi
Decentralization
One of the main advantages of DeFi is true decentralization. The very fact of managing a crypto project with the help of smart contracts by all participants, and not by managers, means a lot.
Accessibility for all
DeFi allows people to participate in the global economy who previously could not use financial services. In the world, about 1.5 billion people do not have access to banking services, that is, they do not have a bank account, debit or credit card.
Opportunity to earn money
In addition to maintaining a stable price – performance ratio, the use of decentralized finance allows you to passively earn on the existing cryptocurrency.
Control of finances
In DeFi, only you manage your assets. With the help of decentralized services and organizations such as MakerDAO, you are in control of your finances around the clock.
DeFi development
Since decentralized finance is an affordable alternative to many traditional financial services, anyone with the Internet and a minimum of knowledge about cryptocurrencies can interact with the DeFi ecosystem and manage the assets added there. To do this, we develop DeFi projects with their own protocols, peer-to-peer networks, decentralized applications (dApps) and services.
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