Best Best Reviews

Review:

Decentralized Finance (defi)

overall review score: 4.5
score is between 0 and 5
Decentralized finance (DeFi) refers to the ecosystem of financial applications and services built on blockchain technology that operate without central authorities.

Key Features

  • Decentralization
  • Smart contracts
  • Open access
  • Interoperability

Pros

  • Eliminates middlemen and reduces costs
  • Accessible to anyone with an internet connection
  • Enhances financial inclusivity

Cons

  • High risk due to smart contract vulnerabilities
  • Regulatory uncertainty
  • Limited scalability

External Links

Related Items

Last updated: Tue, Dec 10, 2024, 05:02:27 PM UTC