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Blockchain
Unit 1
Blockchain Basics
Introduction to Blockchain
Blockchain Mechanics
Security in Blockchain
Unit 2
Blockchain Applications
Blockchain in Finance
Blockchain in Supply Chain
Blockchain in Healthcare
Unit 3
Blockchain Future Trends
Scalability in Blockchain
DeFi and Blockchain
Interoperability in Blockchain
Unit 3 • Chapter 2
DeFi and Blockchain
Summary
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Concept Check
What does DeFi stand for?
Decentralized Finance
Digital Finance
Distributed Financial
Decentralized Funds
What is Blockchain technology used for in DeFi?
Securing transactions
Streaming videos
Playing games
Sending emails
What is an advantage of decentralized finance (DeFi)?
Increased regulations
Higher fees
Removal of intermediaries
Centralized control
How are smart contracts utilized in DeFi applications?
Automating processes
Cooking recipes
Reading books
Playing music
Why is blockchain considered secure in DeFi?
Multiple central authorities
Immutability of data
Constantly changing data
Easy access for hackers
Check Answer
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Scalability in Blockchain
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Interoperability in Blockchain