DeFi stands for decentralized finance, an emerging ecosystem of financial applications built on public blockchains (primarily Ethereum) that operate without central intermediaries like banks or brokerages. Instead, DeFi uses smart contracts—self-executing digital agreements—to automate and secure transactions directly between users on a peer-to-peer basis.
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Bitcoin (BTC) is a decentralized digital or virtual currency that is not controlled by any central bank or government; it operates on a technology called blockchainand was created in 2009 by an anonymous individual (or group) named "Satoshi Nakamoto" , allowing transactions to take place directly between individuals over a computer network and is used as an investment and currency, with new coins created through the process of "mining".
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A Central Bank Digital Currency (CBDC) is the digital form of a country's fiat currency, issued and regulated by its central bank. It is a direct liability of the central bank, making it a risk-free form of digital money, distinct from the commercial bank deposits that underpin current digital banking services.
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Join the virtacoin community today and explore innovative solutions in digital currency. connect with like-minded individuals and shape the future of finance. key points regarding virtacoin's potential.
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