Blog 5: Blockchain
Exploring blockchain and crypto tokens led me to uncover the fascinating world of decentralized finance (DeFi), which represents a significant departure from traditional financial systems. DeFi leverages blockchain technology and smart contracts to create a decentralized ecosystem of financial services, allowing users to engage in various activities such as lending, borrowing, trading, and earning interest without relying on intermediaries like banks or brokerage firms. One of the most compelling aspects of DeFi is its potential to democratize access to financial services on a global scale. By removing barriers to entry and enabling anyone with an internet connection to participate, DeFi has the power to empower individuals who have been traditionally underserved or excluded by traditional banking systems. Decentralized exchanges (DEXs) exemplify the innovative nature of DeFi, offering a platform for users to trade digital assets directly with one another in a peer-to-peer manner...