Home Markets Will DeFi replace crypto’s mainstream appeal to financial service providers? – TechCrunch

Will DeFi replace crypto’s mainstream appeal to financial service providers? – TechCrunch

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By Kieran Mital, Sr. Brand Strategist at Tavant

In 2009, Cryptocurrencies shook up the way society perceives our traditional financial system, and now it’s DeFi’s turn. While DeFi is still making a name for itself amongst members of the general public, it is becoming one of the worst-kept secrets within finance and tech-related communities.

DeFi, or decentralized finance, runs on the Ethereum blockchain, making it easier for people to adapt to the new DeFi ecosystem. In 2015, MakerDAO was the first DeFi project created on top of the Ethereum code. DeFi is built on Ethereum for several reasons. For one, having all DeFi products speak Etherium allows those programs to interact and exchange information with each other most effectively and efficiently. However, the most important reason is much more abstract – Ethereum allows complete financial freedom for its users. Since no one owns Ethereum or smart contracts, everyone has an opportunity to…

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