DeFi which is short for Decentralized Finance is one of the cool new buzz words coming out of the tech world. These cool tech terms like AI, meta verse, crypto etc., have gained widespread adoption in everyday conversation but how many people really understand what they mean? How many can comfortably explain DeFi in basic everyday terms?
Now, there are many articles on the internet which explain what DeFi means but I’ve found that more often than not these articles are quite technical and may be a little difficult for lay people to fully digest.
Hence, this article gives a simple but detailed explanation of what Decentralized Finance really means and and why people should know about it. It also details the concept of DeFi from the ground up and differentiates between the real potentials of the technology and the hype.
Check it out.