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Whilst Bitcoin is ‘new money,’ Decentralized Fnance or DeFi is being seen as the next evolution in blockchain: ‘new financial services.’

In DeFi, there is no reliance on a central intermediary to hold funds. Instead, transactions occur directly between participants through automated, decentralized and democratized processes. This next wave of innovation in blockchain promises a faster, more inclusive, and transparent financial system that encompasses decentralized exchanges, lending, and trading platforms.

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