What is the difference between decentralized finance and cryptocurrency? cointoview.com momenticoin.com DEFI focuses on building decentralized applications, making it easier for people to use their money without relying on third parties, and cryptocurrencies are committed to creating a new digital currency form that can be used for online transactions. The functions of the two are different. Let's take a closer look at it.

 

What is DeFi?

Defi applications aim to use cryptocurrencies to rebuild traditional financial systems, such as banks and exchanges. Most of them are running on the Ethereum blockchain.