What is DeFi? A Beginner’s Guide to Decentralized Finance

Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2XDeFi applications – https://defipulse.com/defi-list/DeFi is ending up being more and more popular as the main use case for cryptocurrencies. This video describes in information what DeFi is and what you should understand about prior to getting involved.0:38 Bitcoin and Our Financial System1:24 Our Centralized Financial System1:59 What is DeFi? 2:22 DeFi Components4:16 – DAI explained5:51 – DEXs described 6:33 – Decentralized cash markets8:06 Money Legos8:56 DeFi Advantages and Risks10:02 ConclusionLearn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel: http://bit.ly/2BVbxeFGet the newest news and costs on your phone: iOS – https://apple.co/2yf02LJAndroid – http://bit.ly/2NrMVw2See anything we havent covered?