I am going to write about the homework of nitiya Singh Week 7 given by Professor @gbenga

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What is market place (Defi)

It is the same decentralized market which does not depend on a decentralized unit. Where the transaction is executed, in some cases the purchase depends on the market. It is something new for the markets. It is present. Payments are very slow. The context of movement and movement is very limited. They use the means of payment.

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Defi

Defi is a short term for decentralized finance. The applications and protocols that exist in the old blockchain are programmed to disrupt the old centralized traditional finance and ecosystem. This blockchain is operated by technology Which is built on blockchain technology, it is also explained as financial applications. Smart applications are used to conduct transactions.(Defy) is seen as a new generation system. There is in fact a digital money system that helps the owner of the money to have total control over his funds. It should be noted that, unlike the centralized banking system, Defy does not involve third parties in its transactions.

•Without negotiation, the party has the decency to talk to financial institutions. In defi, relations between parties are not trustworthy.

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What Are the Components of DeFi?

The unit of Defi for the financial ecosystem is the same. A wide variety is needed that is used in other currencies and uses. Clever stipulations enhance the framework for the work of Defi software as they symbolically understand the prerequisites and projects required for the work of these services.

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Decentralized Exchanges

On the blockchain, Decentralized exchanges has been increasing in demand by cryptocurrenciers and although centralized exchanges such as Binance, Huobi, and Poloniex have been taking the major stake in the crypto exchange world, Decentralized exchanges are making a move to change this drastically.

benefits of decentralized finance

Customers and investors stand to gain a lot from the DeFi campaign, including the elimination of intermediaries and central regulation, increased accessibility to capital markets for institutional investors, and new investment opportunities. DeFi developers are using certain fundamental properties of blockchain technology to achieve their lofty goals.

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Uniswap

Uniswap is one of the leading decentralized exchange and built on the Ethereum Blockchain. Uniswap was established by Hayden Adams in 2018, and remains the largest enforceable automated token exchange based on trading volume on the Ethereum network. Uniswap was established after grants from numerous capital organizations were received. It automates enforceable transactions between cryptocurrencies using the Ethereum Blockchain smart contracts

The conclusion

Defi is for the general public and the decentralized exchange is very beneficial for users unlike the old system where only middlemen make a lot of profit and is not as safe as Dex. Thanks again for this amazing lesson / lecture you have taught us @gbenga.

Thank you professor @gbenga

Cc:-
@Steemcurator01
@steemcurator02
@gbenga