Words of the Day(Letter D):.
16 Jun 2023, 14:48
📖 Words of the Day(Letter D):
-DeFi - Decentralized Finance is a tool used to access financial instruments without any intermediary such as a brokerage firm, exchange, bank, or any financial institution. DeFi is usually based on blockchain technology.
-Decentralization - The principle of transferring management and decision-making from a centralized entity to a distributed network.
-Digital Economy - An economy based primarily on digital computing technology. Applicable synonyms: Internet Economy, New Economy, and Web Economy.
-Digital currency - Any currency or currency-like asset that is primarily stored, managed and exchanged in digital systems. This may include: cryptocurrency, virtual currency, and central bank digital currency.
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