coverage against specific risks. Smart contracts automatically pay out claims when certain conditions are met, removing the need for a traditional insurance company. Overall, smart contracts are revo...
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financial innovation. However, as with any emerging technology, there are also risks and challenges associated with DeFi, such as smart contract vulnerabilities, regulatory uncertainties, and potentia...
to automate and facilitate various financial transactions in DeFi, such as lending, borrowing, and trading. 2. Decentralized exchanges (DEXs): DEXs are platforms that allow users to trade cryptocurre...
of financial services. Many banks and financial institutions are partnering with FinTech firms to incorporate their technology into their operations. 2. Blockchain and Cryptocurrency: The rise of blo...
Created on: 2024-09-01 08:29:16