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DeFi 101: Understanding the Basics and Benefits of Decentralized Finance! The world of finance is undergoing a significant transformation, driven by technological advancements and innovative concepts. One of the most revolutionary developments in recent years is Decentralized Finance, commonly known as DeFi. This article aims to provide a comprehensive understanding of DeFi, its basics, and its benefits. What is DeFi? DeFi refers to a de centralized financial system built on blockchain technology. Unlike traditional financial systems that rely on centralized institutions such as banks and exchanges, DeFi operates on a de centralized network of computers, eliminating intermediaries and providing more transparent, accessible, and secure financial services. Key Components of DeFi Blockchain Technology The backbone of DeFi is blockchain, a distributed ledger technology that ensures transparency and immutability of transactions. Ethereum is the most popular blockchain for DeFi applicat...

Bitcoin was not an option for "control" of the market by Bankman-Fried, Wood says, as Michael Saylor says he "undermined" the BTC network. Bitcoin (BTC) is too “ decentralized and transparent” for former FTX CEO Sam Bankman-Fried, says Cathie Wood. In a tweet on Dec. 10, Wood, who is CEO of investment giant ARK Invest, delivered a fresh damning appraisal of the FTX saga. Wood: SBF "couldn't control" Bitcoin As the legal ramifications of FTX and Bankman-Fried, also known as SBF, continue, Bitcoin loyalists are giving him little sympathy. ARK’s Wood is now firmly among them, not mincing her words as BTC price action continues to trade around 20% down over the month. “The Bitcoin blockchain didn’t skip a beat during the crisis caused by opaque centralized players,” she wrote. “No wonder Sam Bankman Fried didn’t like Bitcoin: it’s transparent and decentralized. He couldn’t control it.” Wood linked to ARK Invest’s latest Bitcoin market summary, “The Bitco...