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Articles

Vol. 2 No. 1 (2022): Blockchain Technology and Distributed Systems

Decentralized Finance (DeFi) - Innovations and Challenges: Exploring innovations and challenges in decentralized finance (DeFi)

Published
10-01-2022

Abstract

Decentralized finance (DeFi) has emerged as a transformative force in the financial industry, offering innovative solutions that challenge traditional centralized financial systems. This paper provides an in-depth analysis of the innovations and challenges within the DeFi ecosystem, focusing on decentralized exchanges (DEXs), lending platforms, and stablecoins. The research examines the key technologies underpinning DeFi, such as blockchain and smart contracts, and evaluates their impact on financial inclusion, transparency, and security. Through a comprehensive review of current DeFi projects and platforms, this paper highlights the benefits and limitations of decentralized finance and offers insights into future trends and regulatory considerations.

References

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  8. Pargaonkar, S. (2020). A Review of Software Quality Models: A Comprehensive Analysis. Journal of Science & Technology, 1(1), 40-53.
  9. Pargaonkar, S. (2020). Bridging the Gap: Methodological Insights from Cognitive Science for Enhanced Requirement Gathering. Journal of Science & Technology, 1(1), 61-66.
  10. Pargaonkar, S. (2020). Future Directions and Concluding Remarks Navigating the Horizon of Software Quality Engineering. Journal of Science & Technology, 1(1), 67-81.
  11. Pargaonkar, S. (2021). Quality and Metrics in Software Quality Engineering. Journal of Science & Technology, 2(1), 62-69.
  12. Pargaonkar, S. (2021). The Crucial Role of Inspection in Software Quality Assurance. Journal of Science & Technology, 2(1), 70-77.
  13. Pargaonkar, S. (2021). Unveiling the Future: Cybernetic Dynamics in Quality Assurance and Testing for Software Development. Journal of Science & Technology, 2(1), 78-84.
  14. Pargaonkar, S. (2021). Unveiling the Challenges, A Comprehensive Review of Common Hurdles in Maintaining Software Quality. Journal of Science & Technology, 2(1), 85-94.