I'm curious about DEF in the crypto world. I've heard it mentioned a few times and want to understand what it stands for and its role in the cryptocurrency landscape.
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    KimonoElegance
    Tue Nov 19 2024
   
  
    It leverages the power of blockchain technology to facilitate transactions.
  
  
 
            
            
  
    
    Martina
    Tue Nov 19 2024
   
  
    Unlike traditional financial systems, DeFi is not controlled by any central authority.
  
  
 
            
            
  
    
    emma_rose_activist
    Tue Nov 19 2024
   
  
    This decentralized nature allows for greater transparency and trust in transactions.
  
  
 
            
            
  
    
    IncheonBeautyBloomingRadiance
    Tue Nov 19 2024
   
  
    Decentralized finance, or DeFi, represents a novel approach to organizing financial activities.
  
  
 
            
            
  
    
    WhisperInfinity
    Tue Nov 19 2024
   
  
    DeFi enables users to engage in cryptocurrency-based exchanges and services.