scorecardresearchWhat is decentralised finance - Can it replace the banks?

What is decentralised finance - Can it replace the banks?

Updated: 14 Dec 2021, 03:26 PM IST
TL;DR.
Decentralised finance is the process of carrying out financial transactions via blockchain between different parties without intervention of any intermediaries such as banks
Decentralised Finance is an ecosystem of applications developed on blockchain technology with capabilities to execute transactions automatically.

Decentralised Finance is an ecosystem of applications developed on blockchain technology with capabilities to execute transactions automatically.