GRLD

𝓓𝓮𝓯𝓲 101 Do you know that the ability to transact use to be a 𝓵𝓾𝔁𝓾𝓻𝔂. A common day to day exchange of goods and services or value of payment seemed like a 𝓹𝓻𝓲𝓿𝓲𝓵𝓮𝓰𝓮. And this is beacuse we practice traditional and centralized finance Tradfi and cefi 𝔀𝓱𝓮𝓻𝓮 - - You needed a bank account - You needed approval - You were limited by location and time Transactions could be delayed, blocked, or 𝓻𝓮𝓿𝓮𝓻𝓼𝓮𝓭. You can check this post for more details on Tradfi and cefi ⬇️ x.com/i/status/19823… > But this shouldn't be this way This where defi comes in play , but first off let's know what is 𝓭𝓮𝓯𝓲. Defi stands for decentralized finance When we say something is Decentralized we mean its not controlled by any entity or 𝓽𝓱𝓲𝓷𝓰. 𝓕𝓸𝓻 Finance as we know it, is a system of managing money from spending savings and how its been transferred from one person to another. So putting all this 𝓽𝓸𝓰𝓮𝓽𝓱𝓮𝓻 - Defi is the is system by which our day to day transaction are been carried out without a central authority (middleman). through the use of blockchain technology that is transparent, borderless and open to 𝓮𝓿𝓮𝓻𝔂𝓸𝓷𝓮. Defi works because of three main things. - Blockchain - Smart contract - Cryptography This three things are the reason why defi works and in my next post on defi I will be telling you 𝔀𝓱𝔂. Emm if you have gotten this far please make sure to like and repost 𝓽𝓱𝓪𝓷𝓴 𝔂𝓸𝓾.

𝓓𝓮𝓯𝓲 101 Do you know that the ability to transact use to be a 𝓵𝓾𝔁𝓾𝓻𝔂. A common day to day exchange of goods and services or value of payment seemed like a 𝓹𝓻𝓲𝓿𝓲𝓵𝓮𝓰𝓮. And this is beacuse we practice traditional and centralized finance Tradfi and cefi 𝔀𝓱𝓮𝓻𝓮 - - You needed a bank account - You needed approval - You were limited by location and time Transactions could be delayed, blocked, or 𝓻𝓮𝓿𝓮𝓻𝓼𝓮𝓭. You can check this post for more details on Tradfi and cefi ⬇️ x.com/i/status/19823… > But this shouldn't be this way This where defi comes in play , but first off let's know what is 𝓭𝓮𝓯𝓲. Defi stands for decentralized finance When we say something is Decentralized we mean its not controlled by any entity or 𝓽𝓱𝓲𝓷𝓰. 𝓕𝓸𝓻 Finance as we know it, is a system of managing money from spending savings and how its been transferred from one person to another. So putting all this 𝓽𝓸𝓰𝓮𝓽𝓱𝓮𝓻 - Defi is the is system by which our day to day transaction are been carried out without a central authority (middleman). through the use of blockchain technology that is transparent, borderless and open to 𝓮𝓿𝓮𝓻𝔂𝓸𝓷𝓮. Defi works because of three main things. - Blockchain - Smart contract - Cryptography This three things are the reason why defi works and in my next post on defi I will be telling you 𝔀𝓱𝔂. Emm if you have gotten this far please make sure to like and repost 𝓽𝓱𝓪𝓷𝓴 𝔂𝓸𝓾.