Learn Crypto Series: DeFi: What It Is and How It Can Transform the World

Decentralized Finance (DeFi) represents a new wave of financial applications built on blockchain technology.

The core objective of DeFi is to transition traditional financial systems to blockchain, making financial services more accessible and transparent.

What sets DeFi apart?
DeFi projects eliminate intermediaries, replacing traditional banking roles with code and blockchain-based rules. The blockchain acts as the foundational infrastructure, while smart contracts manage and regulate transactions.

As Brandon Forster, CEO and Co-founder of Dharma, explains:

"The role of intermediaries is essentially code waiting to be written."

DeFi and the broader crypto economy are poised to revolutionize the entire financial services industry.

Related: Learn Crypto Series: What Is Responsible Trading?