DeFi
Decentralized Finance
1. | concept
DeFi is an exciting new space of decentralized finance. Usually trustless and non-custodial.DeFi is rapidly expanding and allowing for new use-cases and ideas to be realized. Automated Market Making, Decentralized Exchanges, Flash Loans, Lending, Sushi Farming. etc.
The DeFi space is going to be one to watch in the 202x's.
2. | about
Most DeFi is done on smart contract based chains such as Ethereum (ETH) as it has the best developer tooling and a flexible scripting language. But many DeFi products don't require all of this power - which also bring high fees.As DeFi expands new DeFi focused blockchains will be appearing, and exising blockchains will have DeFi products added to them, or supported via sidechains(SmartBCH on Bitcoin Cash)
* All terms and definitions will change as the Cryptionary improves
Related Terms...
Bitcoin Cash
Block
Block Height
Block Reward
Blockchain
Bullish
Burn
Buy High Sell Low
Buy Low Sell High
Buy The Dip
Canonical Transaction Ordering
CashFusion
CashShuffle
Circulating Supply
Confirmations
Consensus
Dead Cat Bounce
Death Spiral
Decentralized Application
Decentralized Exchange
DeFi
Difficulty
Dollar Cost Averaging
Double Spend
Dump
Dust
ERC-20 Token
ERC-721 Token
Ethash
Ethereum
Ethereum Virtual Machine
Exchange
Faucet
Fiat
Flippening
FOMO
Fork
FUD
Genesis Block
Halving
