DeFi, which is short for Decentralized Finance, is a term for different decentralized financial services.It being decentralized means that these services have no central authority guiding them.These decentralized financial services are meant to replace the current centralized financial system.DeFi relies greatly on cryptography, blockchain, and smart contract, with the latter being its main building block.Presently( October 2020), all DeFi apps are built on the Ethereum blockchain.This is because Ethereum uses Solidity as its programming language. This Solidity allows you to put in all the logic needed for the DeFi apps.Again, Ethereum has the most developed ecosystem among smart contract platforms with a good number of developers.These developers keep building new apps.Now you might be thinking to yourself: Why do we even need DeFi?I explained that in the next subheading.The financial world today is one that is plagued with regulations.Services ranging from money transfer, lending, insurance to saving plans, etc., all make up the financial system.The significant thing about them is that they are all centralized. There\u2019s always a person, a team, or even a company that oversees their affairs.Thus, they are rightly referred to as CeFi (Centralized Finance).CeFi has the risk of fraud, funds mismanagement, embezzlement, etc., associated with it.But can there be a solution to all these risks? I mean can something like Bitcoin(which decentralized money) happen to CeFi?That is why DeFi was created; to mitigate all these risks associated with CeFi.Take, for example, if you want to borrow money.You will need to provide very vital personal information to the financial institution that will grant you the loan.This way, a third party holds some sensitive information about you, which is not very safe.But DeFi works in a decentralized manner.In the event of you getting a loan, you only need to provide a collateral for the loan, and you have\u2026<\/p>","protected":false},"excerpt":{"rendered":"
DeFi, qui est l'abr\u00e9viation de Decentralized Finance, est un terme d\u00e9signant diff\u00e9rents services financiers d\u00e9centralis\u00e9s. [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3344"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=3344"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=3344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=3344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=3344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}