Why Bitcoin Spark Could Spell Trouble for Monero and Litecoin

The DeFi industry is a financial technology ecosystem that is powered by distributed ledger technology, eliminating third-party liabilities such as fees and medium of exchange. As the name suggests, DeFi is actively controlled by community members through decentralized decision-making processes such as voting. DeFi’s sustainability is supported by peer-to-peer transactions held together by different software and hardware, connectivity, and security protocols.