Decentralized financial system

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asked Sep 19, 2022 in Employment & Careers by anonymous

In fact I can really give you some good advice right now, just go to this site and this is the only place where you can easily find for yourself a very high quality and cool decentralized financial system. I can tell you without any problems that it is with this financial system that you can now find for yourself a very good thing, namely such as working with a centralized financial system. It is really very convenient to use, but in order to use it you need to know what it is and why if you want to know this information then I recommend you to go to this website about how to do DeFi from Tokonomo . This is where all the information you need is a very good tutorial on centralised finance and I know for sure you will use it .

4 Answers

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answered Oct 5, 2022 by reggymiller (5,090 points)
Decentralized finance (or "DeFi") is a financial ecosystem based on blockchain technology.

It lets users buy and sell assets and financial services as a form of investment or financing without middlemen.

Decentralized finance offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain.

Decentralized finance is a system powered by blockchain and cryptocurrency technology, forming an alternative to the traditional financial system.

It offers financial products to users without intermediaries like banks and exchanges.

Examples are Aave (AAVE) and Synthetix (SNX).
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answered Dec 1, 2022 by Vindictasss (1,360 points)

Since you started discussing everything about decentralized systems and also blockchain. I would like to talk about blockchain and Ethereum nodes.
Depending on the type, nodes store only part or all of the blockchain data and are divided into:
1) Full nodes. They maintain the entire network, load and validate each block with transactions based solely on the consensus algorithm, and are completely independent. Full nodes reject blocks or individual transactions that contradict the consensus. Such a node has a complete copy of the blockchain network data.
2) Lightweight Nodes. They represent a computer with special software connected to the blockchain network. Lightweight nodes do not store all blockchain data, but only block headers to authenticate the transactions they contain.
If you are so interested in the topic of nodes and blockchain, read about the eth_getblockbynumber parameter in blockchain and nodes. More knowledge - more possibilities.

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answered Mar 19 by alvaalas (180 points)

An open source blockchain platform allows for greater transparency and collaboration in developing decentralized applications. By sharing the underlying code, developers can contribute to and improve the platform, resulting in a more robust and secure network.

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answered Jul 25 by jane (3,990 points)

Hey there! I stumbled upon, and it's an excellent resource to learn more about DeFi tokens. So, what is a defi token? DeFi stands for Decentralized Finance, and DeFi tokens are digital assets that facilitate various financial activities without the need for traditional intermediaries like banks. These tokens run on blockchain networks and empower users to engage in lending, borrowing, yield farming, and more. DeFi has gained immense popularity due to its potential to revolutionize the financial landscape, offering increased accessibility and inclusivity. If you're interested in exploring the world of DeFi, this link is a must-visit! It's time to embrace the future of finance.

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