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WuKong The Monkey King
@wukongblackmyth
Ethereum and DeFi: Fueling the Decentralized Financial Revolution Ethereum has played a pivotal role in the rise of decentralized finance (DeFi), a system of financial applications that operate without intermediaries like banks. With Ethereum’s smart contract functionality, developers have created platforms for lending, borrowing, trading, and investing that are fully decentralized. The Benefits of DeFi on Ethereum DeFi offers an alternative to traditional finance, where users have more control over their assets and can access financial services without the need for a trusted third party. However, Ethereum's scalability issues have created challenges for DeFi, leading to higher transaction fees during times of high demand. How Ethereum is Addressing These Challenges Solutions like Layer 2 scaling and Ethereum 2.0 aim to resolve these issues. As Ethereum transitions to proof-of-stake and integrates sharding
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