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Decentralized Finance (DeFi) has several key characteristics that set it apart from traditional finance. Here are the main ones:

1. Decentralization: Operates on blockchain networks, removing the need for intermediaries like banks.


2. Transparency: All transactions and smart contracts are recorded on public blockchains, ensuring openness.


3. Accessibility: Anyone with an internet connection can access DeFi platforms, promoting financial inclusion.


4. Programmability: Smart contracts automate processes like lending, borrowing, and trading.


5. Interoperability: Many DeFi protocols are designed to work together, allowing for seamless interaction between platforms.


6. Non-Custodial: Users retain full control over their assets through private wallets — no third parties hold funds.


7. Liquidity: Decentralized exchanges (DEXs) and liquidity pools enable fast, peer-to-peer transactions.

Al-Areef Billah, a dedicated scientist embodies a relentless pursuit of knowledge