to the DeFi ecosystem: 1. Medium of Exchange: Cryptocurrencies such as Bitcoin, Ethereum, and stablecoins are used as a medium of exchange in decentralized finance platforms. Users can transfer value...
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DeFi platforms are built on blockchain technology, which is known for its security features. However, hackers have still managed to exploit vulnerabilities in DeFi protocols and smart contracts, leadi...
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Smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, eliminate the need for intermediaries and reduce the risk of fraud. This not only reduce...
Created on: 2024-08-28 16:59:31