What is decentralized banking? Cryptobanks are decentralized platforms that provide the usual services that centralized banks provide, primarily lending services and credit scoring, but essentially cuts out all of the middlemen that a centralized bank uses. The technology behind credit cards and online payments has driven revenue, business performance, and customer ease-of-access. Just as early […]
Tag Archives: Decentralized Finance
Decentralized Finance Blockchain
Decentralized finance—often called DeFi—refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain. From lending and borrowing platforms to stablecoins and tokenized BTC, the DeFi ecosystem has launched an expansive network of integrated protocols and financial instruments. Decentralized Finance Blockchain If you already understand […]
The Future of DeFi – Decentralized Finance
The idea is strong, but until decentralized exchanges become more user-friendly, centralized exchanges will still be popular. With decentralized finance (DeFi) gaining steam, exchanges like Binance find ways to co-exist with innovations like DeFi. Binance Co-Founder and CEO Changpeng Zhao (CZ) said DeFi is an innovative space and investing decentralized exchanges will not be a […]