Everything you need to know about DeFi

Everything you need to know about DeFi
Markets

Everything you need to know about DeFi

The term decentralized finance, or DeFi, goes back to a Telegram chat in 2018. That’s when a group of software developers and entrepreneurs were trying to decide what to call their movement of new-breed financial services that would be automated, built on a blockchain, and capable of stripping out traditional banks.

ByJohn Detrixhe9 min readUpdated July 20, 2022
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The roots of decentralized finance come from the 2008 bitcoin whitepaper that set out the framework for a novel system for digital cash; those creation exploded into something bigger when Ethereum was invented a few years later. “Bitcoin wanted to be peer-to-peer money,” Camila Russo, founder of the <a href="https://xpertsstudio.com/sec-proposes-n2bn-capital-n30m-fee-for-crypto-firms/” title=”SEC Proposes N2bn Capital, N30m Fee For Crypto Firms”>crypto news service The Defiant, wrote in her book The Infinite Machine. “Etherum wanted to be peer-to-peer everything.”

Source: qz.com