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Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met.
On blockchain, the goal of a smart contract is to simplify business and trade between both anonymous and identified parties, sometimes without the need for a middleman.
Does bitcoin use smart contracts? answer in comments📝
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The goal of a successful trader is to make the best trades.
Do not anticipate and move without market confirmation - being a little late in your trade is your insurance that you are right or wrong
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DeFi refers to financial applications built on blockchain technology that enable digital transactions between multiple parties. The blockchain is essentially a public ledger for digital assets, including cryptocurrencies. DeFi can involve lending crypto, sending crypto, or investing crypto.
Some of the key attractions of DeFi for many consumers are:
i) It eliminates the fees that banks and other financial companies charge for using their services.
ii)You hold your money in a secure digital wallet instead of keeping it in a bank.
iii)Anyone with an internet connection can use it without needing approval.
iv)You can transfer funds in seconds and minutes.
For Details Visit:- https://www.investopedia.com/decentralized-finance-defi-5113835
👉🏻All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.🚩
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