Defining DeFi: What Is Decentralized Finance? (technically speaking)

Blockchain is enabling DeFi, a completely democratized access to financial services. Entire new industries are being built on top of DeFi and blockchain.

DeFi sounds good, right? The promise of building a Decentralised Finance ecosystem that can reach billions of people worldwide that remain unbanked. This is a huge problem, and its root cause is the largely centralized structure of the institutions that make up…