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Many times, you would have seen the alpha callers put “DYOR” at the end of their posts warning you ahead so you can take 100 percent responsibility of the choice you are about to make no matter the outcome.
DeFi refers to financial applications built on blockchain technologies, typically using smart contracts. Smart contracts are automated enforceable agreements that do not need intermediaries to execute.
Blockchain is a decentralized and distributed ledger that focuses on powering decentralized transaction management. With decentralized transaction management, any node can independently initiate a transaction on the terms set by a smart contract with no third-party interference.
One of the core problems with the Ethereum network, which can process up to 30 transactions per second, is scalability. As more and more decentralized apps (Dapps) are built on the network and the number of transactions increases, so do the gas.