What is DeFi Dapp?
Decentralized Finance Defi is decentralized finance, an open-source financial sector, and it avoids central control like banks, which is a blockchain-powered system, and it is very secured and trusted. It is a substitute for traditional finance, traditional finance lack in various ways. Eminent Features of Decentralized Finance · Open-Source · Transparency · Global Audience · Permissionless · Interoperability · Flexibility What is DApps? Decentralized applications are software that interacts with the Blockchain that maintains the state of all network nodes. The interface of the decentralized applications looks like a mobile app. The smart contract describes the essential core of a decentralized application. Smart contracts are self-executing codes that function based on precise conditions described among the involved parties using blockchain technology. Ethereum powers smart contracts. So, a majority of the DeFi based projects are built on the Ethereum blockchain network