Everyone is discussing web3.0; it’s sort of the current rage, and a buzz is being built around it. When attempting to explain Web3.0, the majority of individuals discuss Web2.0 and how the internet has developed since Web1.0.
In DeFi, The system removes the control banks and institutions have on money, financial products, and financial services. With DeFi, the markets are always open and there are no centralized authorities who can block payments or deny you access to anything. Services that were previously slow and at risk of human error are automatic and safer now that they’re handled by code that anyone can inspect and scrutinize.