Decentralized finance, known as DeFi for short, is a trend in the crypto sphere gaining steam and showing promise, though credible reservations remain. Decentralized finance is predicated on two primary principles:
What’s that you say? You don’t know the first thing about what fractional-reserve banking is or how it works? You’re not alone. We recently conducted a study of 1,000 US consumers and nearly 26% of respondents believed that banks were required to hold 100% of customer deposits in reserves.