2.1 DeFi - IS EXPLODING IN THE SHOCK
Decentralized finance (DeFi) refers to various applications in the field of finance developed out of an open and decentralized network, with the goal of establishing a multi-faceted financial system based on blockchain technology and cryptocurrency to recreate and improve the existing financial system.
However, while this distributed finance is rising to the occasion in the face of complex problems, traditional finance is facing serious challenges. Decentralized finance is established and developed on the basis of traditional finance, and its financial properties have not changed in essence. With the increasingly mature blockchain as underlying technological support, decentralized finance uses new technical means of distributed encryption to reflect the real world’s assets to blockchains, improving the security of users' assets and breaking the geographical barrier, allowing anywhere in the world that can be connected to the Internet can own global stocks, funds, real estate and other assets equally and freely. It is foreseeable that in the near future, more comprehensive decentralized financial services and more diversity decentralized financial products will continue emerging, driving decentralized finance to a higher level of development.
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