Decentralization

refers to the transfer of supervision and decision-making from a centralized source

This facilitates trustlessness, as members have equal power on the blockchain, and decreases the capacity for any individual or group to impose authority over the other members.

For a blockchain to be fully decentralized, every network member must be fully equal in terms of power and involvement in the construction of the blocks. When a blockchain achieves complete decentralization, anti-censorship, improved data recovery, and optimized asset dispersion are also achieved.

Four key pillars of DeFi are Stablecoins (crypto that matches real-world assets like the USD), Borrowing and Lending, Decentralized Exchanges (DEXs), and Margin Trading.

Decentralized Finance, or DeFi, refers to financial systems based on blockchain and not centralized by an intermediary, like a government or bank. With DeFi, you are your own bank, and instead of having a bank account number like in CeFi, you have a wallet address.

DeFi applications are based on their smart contract. The technology provides a protocol and infrastructure that enables borrowing, lending, trading, insurance, and more to take place on a peer-to-peer basis. It is less expensive, more censorship-resistant, and more accessible than CeFi.

Cryptocurrency networks have begun doing so themselves through mechanisms such as transparent mining and time-stamped ledgers where previous transactions cannot be changed

The best way to store cryptocurrency

If you hold a significant amount of cryptocurrency, using an offline wallet or using a technology partner such as earnJARVIS is a great idea

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5+
Blockchains
12% APY*
Across DeFi*
50+
Tokens Supported