DeFi (Decentralized Finance)

Financial services using smart contracts on blockchains.

Detailed Definition

Decentralized Finance is an umbrella term for financial services on public blockchains, primarily Ethereum. With DeFi, you can do most things banks support without relying on a centralized intermediary.

Related in Crypto

Wallet (Crypto)

A digital tool to store and manage cryptocurrency.

Bitcoin (BTC)

The first decentralized digital currency.

Cryptography

The practice of securing communication from adversaries.