Blockchain-based identity verification is a hot topic in DeFi, but what does it really mean? In essence, it's a secure and decentralized way to prove one's identity online, using cryptography and blockchain technology. This can help prevent fraud, enhance security, and increase trust in online transactions.

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Decentralized identity verification is a game-changer for DeFi, enabling secure and transparent transactions while reducing fraud risk. It's exciting to see how this technology can enhance online trust and security.