Cryptocurrency and the Rise of Decentralized Finance (DeFi)

Cryptocurrency has significantly reshaped the worldwide financial landscape, transcending its origins as a niche digital asset for tech enthusiasts. Over the past decade, the rise of Bitcoin, Ethereum, and quite a few other cryptocurrencies has sparked a revolution in how people 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 depends on cryptographic strategies for security. Unlike traditional currencies issued by governments, cryptocurrencies are…