Cryptocurrency and the Rise of Decentralized Finance (DeFi)

Cryptocurrency has significantly reshaped the worldwide financial panorama, transcending its origins as a niche digital asset for tech enthusiasts. Over the previous decade, the rise of Bitcoin, Ethereum, and numerous different cryptocurrencies has sparked a revolution in how individuals perceive and work together with money. Alongside this, decentralized finance (DeFi) has emerged as a transformative force, promising to democratize monetary systems by bypassing traditional intermediaries like banks, brokers, and payment providers.Understanding CryptocurrencyCryptocurrency, at its core, is a digital or virtual form of cash that relies on cryptographic techniques for security. Unlike traditional currencies issued by governments, cryptocurrencies are typically decentralized…