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What is DeFi and Blockchain?

DeFi is an application that works to recreate traditional finance systems with cryptocurrency. As a lender, you are able to borrow cryptocurrency and earn interest, like you would with a regular bank, exchange or brokerage. Borrowing and lending are two of the most common reasons for using DeFi, however this application can also enable you to speculate price movement, insure against risks, earn interest in savings accounts and trade cryptocurrencies.

DeFi takes its inspiration from Blockchain – the technology behind Bitcoin. Blockchain allows multiple entities to access copies of transaction history, meaning it is not controlled by a single source. In turn, this means that Blockchain is not held back by the limitations associated with centralized systems, such as slower speeds and reduced control for users. DeFi expands the use of Blockchain, taking simple value transfers and turning them into more complex financial use cases.

Why AltSignals?

At AltSignals, we’re ready to provide you with the latest information and advice when it comes to DeFi crypto and Blockchain news. We’re dedicated to keeping you up-to-date so that you can stay on top of your crypto game. Our articles and guides provide you with the information that’s needed to understand Blockchain futures trading and what this might mean for your portfolio, in addition to helping you make your next move in the market.

To learn more about DeFi, Blockchain and much more, simply browse through the posts on this page.