What Is Decentralised Finance (DeFi) and is it the Future of Finance?

What is decentralized finance, or DeFi for short, and is it the future of finance?

DeFi is a new global financial system that allows people to access financial services without the intervention of financial institutions such as banks.

It is a robust financial system that aims to set people free from their reliance on banks, credit unions, and insurance companies as there is no transparency in the operations of these institutions.

In this video, I’m going to talk about decentralised finance (DeFi) in detail to help you understand how it works and whether it has the potential to replace our traditional financial system.

Do check out my video to find out more!

Enjoy the video, and remember to "like" and "subscribe"!

Read full blog post:

TIMECODES
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00:00 - Overview of Decentralised Finance
00:51 - Understanding Centralised Finance and Its Flaws
02:58 - Understanding Decentralised Finance (DeFi) and Its Features
04:34 - Advantages of Decentralised Finance (DeFi)
05:32 - Disadvantages of Decentralised Finance (DeFi)
06:53 - Ethereum: The Most Popular, Open-Source Blockchain Network
08:10 - Popular DeFi Applications
09:33 - Will Decentralised Finance (DeFi) Take Over the Traditional Financial System?
10:22 - Concluding thoughts
10:28 - Do you think it will take over the traditional financial system?

ABOUT SPENCER LI
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Spencer is an avid globetrotter who made his first million at 28, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

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#DeFi #decentralisedfinance #CeFi #centralised finance #crypto

[Synapsetrading]

After watching this video, do you think DeFi will replace traditional finance? Let me know in the comments below!
If you like this video give it a thumbs up and subscribe so I know to make more videos like this one!
Cheers!

[GrowInTheDark]

I don't quite understand the logic behind crypto. Can the global authorities come together to eliminate crypto entirely? Is it possible or entirely impossible and crypto is here to stay forever? And what incentive or backlash will the authorities have if they did so?