A citizen interested in the world of crypto and discovering new things
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Decentralized finance,or DeFi, refers to a system where financial services operate on blockchain networks, eliminating the need for traditional intermediaries. It offers access to various financial products like lending, borrowing, and trading, all without centralized control. โณWhat other use do you think DEFI has?
๐ช Bitcoin operates through a decentralized network of nodes, secured by cryptographic protocols. Its layers include the blockchain for transaction recording and the Lightning Network for faster and cheaper microtransactions. ๐กWhat other advantages do you think the different layers of Bitcoin have?
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Cryptocurrency can potentially reduce poverty by offering financial inclusion to the unbanked, enabling access to global markets and fostering economic empowerment through decentralized finance initiatives. ๐ช What do you think? Please share your opinion