How Is DeFi Different from Traditional Banking?

How Is DeFi Different from Traditional Banking?

Most people access financial services through banks. They deposit money, use debit cards, apply for loans, receive customer support, and trust regulated institutions to keep accurate records. Decentralized finance, or DeFi, offers a very different model. Instead of asking a bank to manage every transaction, users interact with blockchain-based programs called smart contracts. These programs … Read more