DeFi, or decentralized finance, is a growing trend in the world of finance that is disrupting the traditional financial system. By utilizing blockchain technology and cryptocurrencies, DeFi platforms offer users the ability to access financial services without the need for intermediaries such as banks or financial institutions.

One of the key principles of DeFi is decentralization, which means that decision-making power is distributed across a network of nodes rather than being controlled by a single entity. This creates a more transparent and secure system, as transactions are recorded on a public ledger that is viewable by anyone.

DeFi also allows users to have more autonomy and control over their assets, as they can interact directly with smart contracts on the blockchain. This eliminates the need for trust in third parties, as transactions are executed automatically based on predetermined conditions.

Overall, DeFi is reshaping the way we think about finance, offering a more inclusive and accessible system for individuals around the world.#25#