RE: What is decentralised finance (DeFi) and how is it different from traditional finance?

You are viewing a single comment's thread from:

What is decentralised finance (DeFi) and how is it different from traditional finance?

in hive-175254 •  5 years ago 

Very good comment friend @tomshearman

Yes, fees are charged, especially at BTC they are quite high compared to the rest.

However, there are many that are totally free of charge. Example steem, in this blockchain there is no charge for transactions. What you send to another user arrives in full, without charge for Fee.

And just like this one, others.

But it's a good thing you've silvered. Interesting. Thank you for that.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Yes, good point about lots being free @josevas217 - I need to find out more about cryptocurrencies. I keep going around in circles when I think about it....there's no such thing as a free lunch and so on :) I'm not quite sure what you mean by 'a good thing you've silvered'. Is that crypto jargon? I ask honestly, I'm playing catch up :)

Hello @tomshearman
NO, it's not jargon, it's just that I use my phone a lot to answer some comments and for some reason the dictionary changed the meaning. I meant you had a very good point planned.
In my blog I have some posts to explain this about cryptomonies, alternative currencies, stable currencies, smart contracts, among other things. I'm not an expert in the area, but I know a few things. It's good to assimilate little by little. Don't despair because it's worse later. There are many new things, the knowledge must come little by little.

Aha! OK, thanks @josevas217 it makes sense now. I thought I was getting lost haha :) And yes, good advice, slowly slowly, I'm getting used to the phrasing, keywords and so on. I'll keep reading :) Cheers :)