Web3 and Decentralized Finance (DeFi): A New Era of Financial Inclusion
DeFi is an abbreviation for “decentralized finance,” which describes a new category of decentralized financial applications based on blockchain. DeFi platforms eliminate the need for centralized financial institutions by providing services including lending, borrowing, trading, and payment processing. The phrase “Web3” is used to refer to the third generation of the internet, where people have […]