DeFi: Decentralized Finance, Open Source Financial Ecosystem

DeFi: Decentralized Finance, Open Source Financial Ecosystem

DeFi: Decentralized Finance, Open Source Financial Ecosystem

Yesterday we released 3 interesting applications of Open Source dual-purpose, that is, they functioned as Instant Messaging y Digital payment system with Blockchain Technology. Therefore, today we will talk a little about DeFi o Decentralized Finance, since, it is a concept that is very implicit in it.

In addition, DeFi is a technological trend open source that is happening around the recent tecnología blockchain about him financial world, and that each day is getting stronger due to the rise of Cryptocurrencies, and the need for Digital payment systems y financial transactions more reliable, faster, secure and private.

Technological Finance and Cryptocurrencies

On a few other occasions, we have touched on the subject of Cryptocurrencies, Blockchain and FinTech, since all these new technologies. barely a decade or less ago, are often based on the development of the Free software y Open Source.

While, this time we will talk about the DeFi which are something more recent. However, for those who wish to explore earlier posts related to Cryptocurrencies, Blockchain and FinTech we leave you the following:

Crypto Assets and Cryptocurrencies: What should we know before using them?
Related article:
Crypto Assets and Cryptocurrencies: What should we know before using them?
Blockchain, Cryptocurrencies and Telecommuting: Outlook for 2020
Related article:
Blockchain, Cryptocurrencies and Telecommuting: Outlook for 2020
Cryptocurrencies of Spain and Latin America
Related article:
Latin America and Spain: Blockchain Projects with Cryptocurrencies
Free Software, FinTech and Crypto-anarchism: A Possible Future?
Related article:
Crypto-Anarchism: Free Software and Technological Finance, The Future?

"Financial Technologies, often referred to as "Technological Finance" or FinTech, is a concept whose name comes from the acronym for the English words "Financial Technologies". And it specifically refers to all those modern technologies used by organizations (companies, businesses and industries), public and private, in any sector (financial, commercial, technological and social services) to create and offer new products, goods and services." Crypto Assets and Cryptocurrencies: What should we know before using them?

DeFi: Content

DeFi: Decentralized Finance

What are DeFi?

Many times, the term is often confused FinTech, mentioned above, with the term DeFi, which we will mention below briefly, as follows:

"Abbreviation for «Decentralized Finance». DeFi is a concept and / or technology that encompasses the use of a broad category of DApps (Decentralized Applications) whose objective is to provide financial services backed by a blockchain, without intermediaries, so that anyone with an Internet connection can take part." Source.

While, broadly, you can define the most important about DeFi, as follows:

"A movement promoting the use of decentralized networks and open source software to create multiple types of financial products and services. The idea is to develop and operate financial DApps on top of a trustless framework, such as permissionless blockchains and other peer-to-peer (P2P) protocols. Therefore, among the many objectives and / or functions, most important within DeFi are to create money banking services, provide peer or pooled lending and borrowing platforms, and enable advanced financial instruments such as DEX, token platforms, markets derivatives and predictions." Source.

DeFi and Open Source

Much could be said about the DeFiHowever, we are not a Blog specialized in this area, but specifically speaking of DeFi y Open Source, it is worth ending with the following comment, in which we can perceive the same positive effect of transparency, security and freedom what does he give us Free Software and Open Source in the technological, but taken to the financial:

Our DeFi and "Open financial ecosystem" allow the construction of small financial tools and services in a decentralized manner on a chain of blocks in such a way that they can be combined, modified and integrated, according to the needs of the users (participating members). While the FinTech promise better and faster management of funds, DeFi offer full control of their own assets thanks to a decentralization complete through the full potential of tecnología blockchain.

This, in turn, also encourages DApps developers work collaboratively to create new financial products, while adopting open source protocols to operate through decentralized exchanges, facilitating the creation of new financial products, more reliable, faster, secure and private on them.

Know more…

For the rest, if you want more information about it, we recommend visiting the following 2 useful and educational free content the DeFi whose sources are 2 Online educational platforms well known in the field of the Cryptocurrency Industry and Blockchain Technology: link 1 y link 2.

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Conclusion

We hope this "useful little post" the «DeFi o Finanzas Descentralizadas», which is a technological trend open source that is happening around the recent tecnología blockchain about him financial world, and that each day is getting stronger due to the rise of Cryptocurrencies; is of great interest and utility, for the entire «Comunidad de Software Libre y Código Abierto» and of great contribution to the diffusion of the wonderful, gigantic and growing ecosystem of applications of «GNU/Linux».

For now, if you liked this publicación, Do not stop share it with others, on your favorite websites, channels, groups or communities of social networks or messaging systems, preferably free, open and / or more secure as Telegram, Signal, Mastodon or another of Fediverse, preferably. And remember to visit our home page at «FromLinux» to explore more news, as well as join our official channel of Telegram from DesdeLinux. While, for more information, you can visit any Online library and OpenLibra y jedit, to access and read digital books (PDFs) on this topic or others.


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  1.   i dont have xD said

    Stop saying "open source", "open source" and the like if it's not quite that, between that and the tons of clickbait advertising, and articles promoting proprietary software and services.

    Please, for the sake of Free Software.