What is Decentralised Finance?

What is DeFi?

How does DeFi work?

Most applications in DeFi are built using Ethereum, the second largest cryptocurrency after Bitcoin by market capitalization. The Ethereum blockchain, which records cryptocurrency transactions, also doubles as a platform which allows for the creation of the aforementioned automated smart contracts. As mentioned earlier, DeFi applications fundamentally consist of multiple smart contracts working together. Read the full article on Decentralised Africa

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store