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DeFi 101: A Guide to Decentralized Finance © (Getty Images) Bitcoin mining farm. IT hardware. Electronic devices with fans. Cryptocurrency miners. DeFi, or decentralized finance, is a new way to execute financial transactions through applications. It cuts out traditional financial institutions and intermediaries and is conducted over the blockchain. Think of it as removing brokerages, exchanges, banks and other intermediaries from the equation. Popular Searches "Purists claim DeFi must have no centralized control but run autonomously on a blockchain through the use of smart contracts – b...

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