Popular science|Ten minutes to quickly understand, what is decentralized finance (DeFi)?

Video source: Finematics

 10 minutes will take you to understand decentralized finance and its ecological situation from the beginning.   

 DeFi, Chinese name: decentralized finance, aims to establish a A new financial system that is open to everyone and does not require intermediaries such as banks. To achieve this, a lot relies on cryptography, blockchain and smart contracts. The smart contract is DeFi main building blocks of .

This video will take you to understand what is DeFi, how it works and its ecological situation.

Note: The video was published in July 2020, and some data in the video has been updated.

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