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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:10.55041/IJSREM19760

Decentralized Finance: An Innovative Approach to Money Transactions

Stream/Area:

-

Subject:

-

Paper ID:

10.55041/IJSREM19760

Volume:

7 |

4 |

Apr 2023

Pages:

Publication Frequency:

Monthly (12 issues per year)

DOI
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Not assigned

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

PL

Praveen Lachheta

RS

Ramanarayan Singh

RY

Ritul Yadav

A.PVK

Assis . Prof. Varsha Kothari

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Abstract

Decentralized finance (DeFi) is a rapidly growing sector of the cryptocurrency industry that aims to provide financial services and applications on a decentralized and open-source network. DeFi platforms utilize blockchain technology to enable peer-to-peer transactions, lending and borrowing, staking and yield farming, and other financial services without the need for traditional financial intermediaries such as banks. Blockchain is a technology that makes it possible for parties to transact securely and openly without the use of middlemen like banks, governments, or other reliable third parties.

KEYWORDS

Blockchain Cryptocurrency Bitcoin Peer-to-Peer Network Decentralized Ledger Nodes Tokens

Cite This Article

Praveen Lachheta, Ramanarayan Singh, Ritul Yadav, Assis . Prof. Varsha Kothari, "Decentralized Finance: An Innovative Approach to Money Transactions," International Journal of Scientific Research in Engineering and Management, vol. 7, no. 4, Apr 2023. https://doi.org/10.55041/IJSREM19760

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Publication Date

4/28/2023

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Double-Blind Peer Review

Review Rounds: 2

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The authors declare no conflict of interest related to this research work.

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