DeFis Algorithmic Audits: Trusting The Code?
Decentralized Finance (DeFi) is rapidly transforming the financial landscape, offering a transparent, permissionless, and accessible alternative to traditional financial systems. By leveraging blockchain Technology, DeFi empowers individuals with greater control over their assets and opens up new avenues for earning, lending, and trading. This blog post explores the core concepts of DeFi, its benefits, risks, and potential future impact on the global economy.
What is Decentralized Finance (DeFi)?
Defining DeFi
Decentralized Finance, or DeFi, refers to financial applications built on blockchain networks, primarily Ethereum. These applications utilize smart contracts to automate financial transactions without the need for intermediaries like banks or brokers. The "decentralized" aspect means...