Cryptocurrency Q&A
Is DeFi and crypto same?
Is DeFi and crypto same?
Elena
Mon Nov 18 2024
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7 answers
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I'm trying to understand the relationship between DeFi and crypto. Are they the same thing, or are there differences between the two? I want to know if DeFi is just a part of the crypto world, or if it's a separate entity altogether.
7 answers
Tommaso
Wed Nov 20 2024
Cryptocurrencies like Bitcoin derive their value from their respective blockchains.
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Emanuele
Wed Nov 20 2024
Each blockchain serves as a digital ledger that records all transactions involving the cryptocurrency.
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HanjiArtistry
Wed Nov 20 2024
The value of a cryptocurrency is determined by the market's perception of its utility and scarcity.
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Marco
Wed Nov 20 2024
In contrast, DeFi represents a decentralized financial marketplace that operates on the Ethereum network.
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Lorenzo
Tue Nov 19 2024
DeFi provides a platform where users can buy, sell, and trade various cryptocurrencies.
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