Decentralized apps (dApps) and Decentralized finance (DeFi) enable anybody with an internet connection to engage in a new generation of financial services.

1. How are DeFi dapps
different from Wall
Street counterparts
and the traditional
bank?

2. An institution does not oversee these
businesses' activities; instead, the
regulations are expressed in code. DeFi
dapps can run automatically with little to
no human interaction once the smart
contract is put to the blockchain.

3. Anyone can audit the code because it is
stored on a public blockchain. This
creates a different form of trust with
consumers because anybody has the
ability to comprehend the contract's op-
eration or identify faults.

4. Dapps are explicitly created to be global,
so you have access to the same DeFi
services and networks all over the world.

5. Local regulations may apply, but most
DeFi apps are technically accessible to
anyone with an internet connection.

6. Flexible user experience – don't you like
the look and feel of a particular app's
interface? You can either utilize a
third-party interface or create your own.
Smart contracts are similar to an open
API for which anyone may create an app.