In a world where technology and innovation are driving the pace, traditional banking faces an unprecedented challenge: the rapid development of decentralized finance, also known as DeFi. While banks have been the backbone of the global economy for centuries, DeFi is marked by a silent revolution that has the potential to redefine the foundations of finance. DeFi promises greater transparency and efficiency and democratizing the financial system, enabling millions to access financial services. But what exactly is behind this phenomenon? And how could it shape the future of the financial world?
Historical Context & Ascension of DeFi
The concept of DeFi has existed in this sense since the introduction of Bitcoin in 2009. But the real turning point for DeFi came with the introduction of Ethereum. This groundbreaking blockchain platform, offering unique features not typically associated with cryptocurrencies, including bitcoin (BTC), provided developers with the capability to design sm

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