DeFi & The Future of Finance - The Winning Blockchains & Dapps - With Ryan Allis

In this podcast explain we why Decentralized Finance, or DeFi, is making the old financial system more efficient and secure through code -- while reducing costs and expanding access. We also talk about Ethereum, Binance Smart Chain, Solana, Terra, Polygon, Avalanche, Fantom, Waves, Huobi Eco Chain, Celo, Arbitrum, and Bitcoin. DeFi uses blockchains, smart contracts, price oracles, AMMs, and open source code to allocate and store capital more efficiently and securely than traditional markets. Instead of needing to trust a large institution, decentralized blockchains, validated by thousands of distributed node operators, offer better security and speed than the legacy system, with much of its legal structuring dating back to the 1930s and 1940s and much of its code written in the 1970s and 1980s. Legacy markets are centralized, opaque, and are open less than 35 hours per week. Blockchain-based markets are available continuously, trade 24/7/365, are transparent and interoperable, and their contracts are smart -- built with code instead of words. Filing cabinets and terabytes of Docusign repositories are being replaced by Github, the world’s open-source code repository. Even governments are getting on board with China, Europe, the USA, the UK, Nigeria, and many others actively launching blockchain-based Central Bank Digital Currencies (CBDC). Welcome to the era of programmable money. Read more at: https://coinstack.substack.com/p/defi-and-the-future-of-finance-part-7eb