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RE: Steemit Crypto Academy Contest / S4W2 - Decentralized Finance by @drqamu

in SteemitCryptoAcademy2 years ago

This is the basics reason I love this decentralized finance and I mark as it as most relevant feature of decentralized finance.

There is no central institution or authority to frame rules and regulations. Defi is an autonomous system where every user has absolute authority to control or use his funds as per their own needs.

Because of the network algorithm which it was built on which is known as Peer to peer network, user have total control over every activities they carry out with out been monitored

Thank you very much for sharing.

wishing you success

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 2 years ago 

total control over every activities they carry out with out been monitored

Yes the anonymity of the transactions is wonderfully feature of DeFi.

Thanks for your valuable comment.

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