Decentralization in blockchain means that changes are immutable. The data that you store on it is irreversible, and the transactions you make have a permanent record. It essentially is a shift from providing central control to a single authority to decentralized control to the public.
Decentralized finance (Defi) means the processes and technologies that are used to democratize money. While the fintech industry is booming, Defi is quickly taking over. But how do the two prominent technologies differ?
Decentralized financial systems have changed our understanding of money and finances. Despite their significant impact, they are still fairly new on the scene. So, the question remains: how do we create Defi systems that can survive?