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DeFi: The Hot New Crypto Trend Of 2020
Article

DeFi: The Hot New Crypto Trend Of 2020

Forbes, 2020


Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Background

Recommendation

Distributed ledgers, bitcoins, blockchains and now “decentralized finance” – DeFi is the latest technology to disrupt the world of financial services. DeFi uses public open-source platforms, like Ethereum, to create contracts for financial transactions, such as applying for loans or buying securities, without the need for intermediaries. In this informative overview, columnist Tatiana Koffman offers financial professionals and digital enthusiasts a look at DeFi’s transformative potential. 

Take-Aways

  • “Decentralized finance” (DeFi) may become the next technology disrupter in financial services.
  • DeFi applications depend on “stablecoins” rather than on volatile cryptocurrencies.
  • DeFi platforms offer financial services like lending, asset trading, insurance and virtual currency tokenization.

About the Author

Tatiana Koffman writes about money, economics and technology for Forbes magazine.


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