
DeFis Carbon Footprint: Greening The Decentralized Revolution
Decentralized Finance (DeFi) is revolutionizing the financial world, offering a new paradigm for accessing and managing financial services. Bypassing traditional intermediaries like banks and brokerages, DeFi leverages blockchain technology to create an open, transparent, and permissionless financial ecosystem. This post delves into the core concepts of DeFi, exploring its benefits, risks, and potential impact on the future of finance.
What is Decentralized Finance (DeFi)?
Understanding the Core Principles
DeFi is a collective term for financial applications built on blockchain technology, primarily using smart contracts on platforms like Ethereum. These applications aim to replicate and improve traditional financial services, such as lending, borrowing, trading, and investing, in a decent...