Economy – Emerging Technologies

DeFi is a blockchain-based financial system enabling saving, borrowing, and investing without banks, using smart contracts and DApps. Rooted in Bitcoin’s decentralisation (2009) and expanded through Ethereum (2015), it offers transparency and innovation. However, its anonymity and weak regulation raise concerns over money laundering and terror financing, making it both a financial opportunity and a security risk.

Leave a Comment or Write your Answer here