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In a world where financial transactions are predominantly controlled by central institutions, Decentralized Finance, or DeFi, emerges as a beacon of innovation and autonomy. DeFi, at its core, is a revolutionary concept that leverages blockchain technology to facilitate financial transactions without the need for intermediaries.
Understanding DeFi begins with comprehending the blockchain, the technology that underpins it. Blockchain is a distributed ledger that records transactions across multiple computers, ensuring transparency and security.