Decentralization
Platforms in the crypto industry may go decentralized to remove intermediaries and create a trustless environment, allowing for greater security and privacy for users. DecentralizationPlatforms in the crypto industry may go decentralized to remove intermediaries and create a trustless environment, allowing for greater security and privacy for users. Decentralization... can also increase transparency and efficiency by removing centralized control, and allowing for community-led decision making. Some popular decentralized platforms in the crypto industry include decentralized exchanges (DEXs) such as Uniswap and PancakeSwap, decentralized finance (DeFi)Decentralized finance, or DeFi, is a blockchain-based financial system that aims to offer traditional financial services without the need for intermediaries like banks or brokerages.... platforms like Aave and Compound, and blockchainThe blockchain is a digital ledger that records transactions in a secure and decentralized manner. Think of it like a shared spreadsheet that is constantly... networks like EthereumEthereum is a type of cryptocurrency that is similar to Bitcoin, but with some important differences. One of the key differences is that Ethereum is... and Cardano.