BENEFITS AND DRAWBACKS OF DECENTRALISED FINANCE IN CHINA - Paraman, Pradeep;Peng, Cheng
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Decentralized Finance (DeFi) is a financial ecosystem built on blockchain technology that eliminates the need for traditional intermediaries such as banks and brokers. By leveraging smart contracts, DeFi platforms allow users to lend, borrow, trade, and earn interest on cryptocurrencies directly. This innovation promotes greater transparency, lowers transaction costs, and enhances accessibility to financial services for individuals worldwide. DeFi includes various applications like decentralized exchanges and lending protocols, revolutionizing how people interact with financial systems.

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Produktbeschreibung
Decentralized Finance (DeFi) is a financial ecosystem built on blockchain technology that eliminates the need for traditional intermediaries such as banks and brokers. By leveraging smart contracts, DeFi platforms allow users to lend, borrow, trade, and earn interest on cryptocurrencies directly. This innovation promotes greater transparency, lowers transaction costs, and enhances accessibility to financial services for individuals worldwide. DeFi includes various applications like decentralized exchanges and lending protocols, revolutionizing how people interact with financial systems.
Autorenporträt
Dr. Pradeep is an accomplished editor for PLOS ONE and a dedicated researcher specializing in marketing strategies, technology impact, and innovation in the smartphone industry. His work focuses on analyzing how companies adapt to market challenges, such as the U.S. technology blockade faced by firms like Huawei.