FINTECH
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DeFi & dApps: What are They? How Do They Work?
- April 25, 2021
- Posted by: DanCurranJr
- Category: General Information, Research Tutorials
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Decentralized Finance (DeFi) and Decentralized Apps (dApps) are the two major innovations in the crypto space that leverage blockchain technology. These two innovations help eliminate third parties, otherwise known as centralization, and give users control over their finances. Both DeFi and dApps are increasingly becoming common in the FINTECH industry as they provide users with