Invest
Making sense of some Defi concepts
By Rainbow Coin  •  April 11, 2021
I have been trading cryptocurrency for slightly over a year now (think along basic currency exchange), having been introduced to the DeFi concept yet hardly venture out to explore the thriving crypto jungle. This post would be a newbie's rumble to herself.
Some reading resources to start with...
Cryptopedia
Investopedia -Defi
Glossary of Crypto terms

What's DeFi?
"DeFi refers to a system where software written on blockchains makes it possible for buyers and sellers and lenders and borrowers to interact peer to peer or with a strictly software-based middleman rather than a company or institution facilitating a transaction." - Investopedia


I can foresee DeFi's disruption to traditional banks if it can provide stable infrastructures and ease of use for businesses and the masses to carry out financial transactions (lending, borrowing, trading, payment etc). If it has not already happened in some...
Read the full article
By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance