CFTC-PR-8846-24 Commissioner Goldsmith Romero Announces Agenda for January 8 Technology Advisory Committee Meeting on Artificial Intelligence, Cybersecurity, Decentralized Finance Date: Jan. 5, 2024 Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8846-24 Categories: CFTC Meetings & Events CFTC TAC CFTC-2401 Artificial Intelligence Cybersecurity Decentralized Finance PDF Notes: The PDF viewer below disables the links inside the PDF […]
Category: Decentralized Finance
Decentralized Finance (DeFi) is an emerging sector within the cryptocurrency space that leverages blockchain technology to recreate and improve upon traditional financial systems in a decentralized manner. Unlike conventional finance, which relies on intermediaries such as banks and brokers, DeFi uses smart contracts on blockchain platforms like Ethereum to enable peer-to-peer financial transactions and services. This includes activities such as lending, borrowing, trading, and earning interest on assets, all executed without the need for a central authority. The aim of DeFi is to increase transparency, reduce costs, and enhance financial inclusion by providing open, permissionless access to financial services for anyone with an internet connection.