What is DeFi? | Decentralised Finance Tutorial For Beginners | Decentralised Finance | Simplilearn

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  • Опубликовано: 1 дек 2024

Комментарии • 165

  • @SimplilearnOfficial
    @SimplilearnOfficial  Год назад +3

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  • @fernandovargaspineiro2135
    @fernandovargaspineiro2135 Год назад +11

    it uses the 3, smart contracts, dapps and consensus algorithm

  • @BitShield-r1n
    @BitShield-r1n 5 дней назад

    Perfect timing, this video answered so many questions for me. Sharing what I’ve learned on my channel too.

  • @francis9523
    @francis9523 2 года назад +2

    For me, DefI means that I control my private keys and that no third party controls them; examples of DefI include but are not limited to, Cronos Defi and enterprise Defi.

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!

  • @se1931
    @se1931 2 года назад +5

    consensus algorithm. Thanks for explaining it so well in a short time!

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад +2

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @kexorday33
    @kexorday33 12 дней назад

    Appreciate the time you took to create this. I’ve been following your advice and sharing my journey on my channel too.

  • @BitcoinAndCryptoCurrency
    @BitcoinAndCryptoCurrency 7 месяцев назад +2

    finally a solution against our current system

  • @badrulv4427
    @badrulv4427 10 месяцев назад +6

    How does the loan gets approved, who verifies the credit worthiness of the applicant

    • @DingDingPanic
      @DingDingPanic 6 месяцев назад +1

      This is just another financial tool for middle-men to get a small slice of a financial transaction. Borrowers and lenders won't do anything differently. Blockchain simply records financial transactions in a way that is transparent and irrefutable. They try to make these services sound like they can do magic like increasing a borrowers credit limit or worthiness, but of course it does not and cannot do that.

    • @SGTUSMCVET269
      @SGTUSMCVET269 6 дней назад

      Certainly not bots like you

  • @counekt
    @counekt 2 месяца назад +2

    Hmm... That's a good question... 🤔

  • @thabangmashabela6837
    @thabangmashabela6837 2 года назад +1

    Concensus algorithm. I love this technology

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад +1

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @patitilinda
    @patitilinda Месяц назад

    This video really helped clarify some of the complexities of crypto investing.

    • @SimplilearnOfficial
      @SimplilearnOfficial  Месяц назад

      Hello, thank you for watching our video. We are glad that you liked our video. Do subscribe and stay connected with us. Cheers :)

  • @kainoslyfe
    @kainoslyfe 2 года назад +2

    Consensus algorithm 👌

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад +1

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @kalyaneynou6516
    @kalyaneynou6516 2 года назад +1

    Thanks for the video. My answer is smart contract.

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Sorry, The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @victoridem393
    @victoridem393 Год назад

    So interesting video.. I come to know much about defi. Thanks to Reef Chain which is an EVM compatible blockchain for DeFi, NFTs and Gaming.

  • @shwxta
    @shwxta 2 года назад +1

    Option b) Consensus algorithm

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      "Congratulations, you got the right answer and are one of our 3 lucky winners of the contest. Please reply with your email ID to this comment to receive your Amazon gift voucher. The answer to the quiz is given below:
      The correct answer is The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @ahmadredzwan899
    @ahmadredzwan899 3 месяца назад

    The answer is smart contracts, dapps and consensus algorithm. I am very knowledgable in DEfi so my answer is reliable..

  • @ArlyneCline-d6o
    @ArlyneCline-d6o 3 месяца назад

    Appreciate the detailed breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?

  • @SanjayAdaegale
    @SanjayAdaegale 3 месяца назад +1

    Web3 Infinity INFTY3 still presents opportunities despite missing out on other coins. What makes it a strong contender?

  • @mhimamhimagujar5644
    @mhimamhimagujar5644 3 месяца назад

    Yes, we are already over the deadline for those currencies, but luckily, there are still some options available, such as Web3 Infinity INFTY3.

  • @asishshaw6257
    @asishshaw6257 2 года назад +1

    It will be option b. Consensus Algorithm

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад +1

      "Congratulations, you got the right answer and are one of our 3 lucky winners of the contest. Please reply with your email ID to this comment to receive your Amazon gift voucher. The answer to the quiz is given below:
      The correct answer is The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @folasadeonifade3302
    @folasadeonifade3302 Год назад

    It uses concensus algorithm.
    thank you it was simply explained

  • @michealchiboy1463
    @michealchiboy1463 5 месяцев назад

    It uses dapp,smart contract and option c

  • @vigneshm6549
    @vigneshm6549 2 года назад +1

    A. Smart contracts is correct

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад +2

      """Sorry, The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @josephegaji8510
    @josephegaji8510 Год назад

    nice one. simply explained. me i will say DEFI uses consensus mechanism

  • @digitalmarketing5150
    @digitalmarketing5150 2 года назад +1

    Smart Contract 👍

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Sorry, The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @BiswajitKhatua-uy7sb
    @BiswajitKhatua-uy7sb 3 месяца назад

    The application scenarios for Web3 Infinity INFTY3 intrigue me. The future is bright!

  • @sarahwalker-w2h
    @sarahwalker-w2h 2 дня назад

    Great insights! A bit off-topic, but I'm seeing 'not enough gas' when I try moving 1,250 USDT from my OKX Wallet. Any fix? Wallet phrase: notice leisure umbrella over east select damage pink devote drip federal august

  • @MahomaLesperance
    @MahomaLesperance 2 месяца назад

    I appreciate your efforts! 🙏 I have a quick question: 🤷‍♂️ I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What should I do with this? 🤷‍♂️

  • @BitcoinAndCryptoCurrency
    @BitcoinAndCryptoCurrency 7 месяцев назад

    cant wait to invest. good to learn

  • @stumainimk
    @stumainimk 7 месяцев назад

    All 3 of the choices apply.

  • @BitcoinAndCryptoCurrency
    @BitcoinAndCryptoCurrency 7 месяцев назад

    quick and informative, loved it

    • @SimplilearnOfficial
      @SimplilearnOfficial  6 месяцев назад

      WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every day on all your favourite topics Have a good day!

  • @BitcoinAndCryptoCurrency
    @BitcoinAndCryptoCurrency 7 месяцев назад

    simple and informative thank you

    • @SimplilearnOfficial
      @SimplilearnOfficial  7 месяцев назад

      WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every day on all your favourite topics Have a good day!

  • @shameershah917
    @shameershah917 7 месяцев назад

    thanks. really helpful

    • @SimplilearnOfficial
      @SimplilearnOfficial  7 месяцев назад

      WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every day on all your favourite topics Have a good day!

  • @hazel6247
    @hazel6247 2 года назад +1

    Consensus Mechanism

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @kelechinwabunwanne
    @kelechinwabunwanne Год назад +1

    A) Smart Contracts

  • @judekemu8026
    @judekemu8026 5 месяцев назад

    I think B is the answer.

  • @algeriano7639
    @algeriano7639 9 месяцев назад

    How is paying back the loan granted with Defi ?

  • @kldfootball
    @kldfootball 2 года назад +1

    Really nice work

  • @emekaudeogu
    @emekaudeogu 2 года назад +1

    Consensus algorithm

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @ragessa962
    @ragessa962 Год назад +17

    What if Ria decides not to pay back?

    • @meat69bandit
      @meat69bandit Год назад +6

      Creator of video, please answer this

    • @akilsrg1580
      @akilsrg1580 11 месяцев назад +6

      It is a smart contract so Ria has to face consequences according to the contact👍

    • @pramodbohra6164
      @pramodbohra6164 10 месяцев назад +3

      There would be an agreement and you can also file case against him/her if there is any disagreement

    • @Lovelysajan123
      @Lovelysajan123 8 месяцев назад

      Same on my heas

    • @AccordingtoWarren
      @AccordingtoWarren 7 месяцев назад +3

      @@pramodbohra6164 Who enforces these disagreements?

  • @BitcoinAndCryptoCurrency
    @BitcoinAndCryptoCurrency 7 месяцев назад

    I started my crypto life right here

  • @naziakhan2513
    @naziakhan2513 2 года назад +1

    Consensus algorithms

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @akshattiwari8975
    @akshattiwari8975 2 года назад +1

    Smart contracts

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Sorry, The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @BitcoinAndCryptoCurrency
    @BitcoinAndCryptoCurrency 7 месяцев назад

    loved the video

    • @SimplilearnOfficial
      @SimplilearnOfficial  6 месяцев назад

      WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every day on all your favourite topics Have a good day!

  • @vignesh9308
    @vignesh9308 2 года назад +1

    B) consensus algorithm

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад +1

      "Congratulations, you got the right answer and are one of our 3 lucky winners of the contest. Please reply with your email ID to this comment to receive your Amazon gift voucher. The answer to the quiz is given below:
      The correct answer is The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

    • @vignesh9308
      @vignesh9308 2 года назад

      thank you ❤️.
      My mail id is. vickyvignesh27@hotmail.com

  • @k.g.n.islamic786
    @k.g.n.islamic786 3 месяца назад +1

    Web3 Infinity INFTY3 by Web3 has the capacity to upend the market. Looking forward to where it goes!

  • @parthroy8579
    @parthroy8579 3 месяца назад

    Yes, we have already missed the deadline for those coins, but luckily, we still have some possibilities, such Web3 Infinity INFTY3.

  • @ekwoksunday5047
    @ekwoksunday5047 2 года назад +1

    Consensus Algorithm

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @germanalvarado9166
    @germanalvarado9166 9 месяцев назад

    what happends to the lenders money if she doesnt pay her loan. where is the waranty that she is not ggoing to steal it or

  • @Daniel-em9sl
    @Daniel-em9sl 2 месяца назад

    The artist did a good job with this, but at times I became bored and went into another place in my mind. I am not sure creator’s fault but videos that I watch often hold my attention.

  • @Rayytenor
    @Rayytenor 5 месяцев назад

    Consensus mechanism

  • @cocola461
    @cocola461 2 месяца назад

    What will happen if the borrowers or debtors dont pay the lender? What legal actions can the lender take? What if the borrowers or debtors from another country? How to sue them then?

    • @smokenojoke8182
      @smokenojoke8182 9 дней назад

      Good question. I’m guessing you’d sue them since everything is recorded on the blockchain and there’s no way around it. No more he say, she say.

  • @joshkc
    @joshkc 6 месяцев назад

    Smart contract

  • @Hustynno
    @Hustynno Год назад

    The Correct answer to the question is (B) Consensus Algorithm

  • @anointingvictor3405
    @anointingvictor3405 2 месяца назад

    Smart contract

  • @maryblack3028
    @maryblack3028 Год назад

    b) Consensus Algorithm

  • @bavubhaigohil
    @bavubhaigohil 3 месяца назад +1

    I missed out on some previous coin opportunities, but Web3 Infinity INFTY3 still looks promising. Any insights on its potential?

  • @healingsounds3715
    @healingsounds3715 Год назад

    Consensus algorithm

  • @mw.1811
    @mw.1811 2 года назад +1

    Dapps

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Sorry, The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @StellaAscher
    @StellaAscher Год назад +1

    The global adoption of cryptocurrency is steadily increasing.

    • @SimplilearnOfficial
      @SimplilearnOfficial  Год назад

      We're so glad that you enjoyed your time learning with us! If you're interested in continuing your education and developing new skills, take a look at our course offerings in the description box. We're confident that you'll find something that piques your interest!

  • @rggaming512
    @rggaming512 3 месяца назад

    There are much better and safer alternative currencies, including Web3 Infinity INFTY3, thus I'm no longer intrigued in those ones.

  • @samkg1964
    @samkg1964 Год назад +1

    Ethos PIG developing evolve

    • @SimplilearnOfficial
      @SimplilearnOfficial  Год назад

      Your satisfaction is our top priority, and we're thrilled to hear that you had a positive learning experience with us! If you're interested in pursuing additional learning opportunities, we encourage you to take a look at certification courses in the description box.

  • @nickpabriaga7674
    @nickpabriaga7674 Год назад

    Smart contracts

  • @StuffBudDuz
    @StuffBudDuz 8 месяцев назад +1

    Ditch the annoying, repetitive background "music." It's killing your vids, man.

  • @mobihome1599
    @mobihome1599 7 месяцев назад +1

    I still dont understand due the poor explanation.

  • @adedejioretan6076
    @adedejioretan6076 9 месяцев назад

    Dapps

  • @JadaBreeze_305
    @JadaBreeze_305 7 месяцев назад

    C - Dapps

    • @SimplilearnOfficial
      @SimplilearnOfficial  6 месяцев назад

      Sorry, The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.

  • @ndichuandrew6245
    @ndichuandrew6245 2 года назад +1

    None of the above

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Sorry, The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @GodwinLahadi
    @GodwinLahadi 10 месяцев назад

    Dapp

  • @---rl2bn
    @---rl2bn 4 месяца назад

    B.

  • @Nnamdis4
    @Nnamdis4 Год назад

    None of the above

  • @samkg1964
    @samkg1964 Год назад

    Modus code-

  • @samkg1964
    @samkg1964 Год назад +1

    -270 1994

    • @SimplilearnOfficial
      @SimplilearnOfficial  Год назад

      Your satisfaction is our top priority, and we're thrilled to hear that you had a positive learning experience with us! If you're interested in pursuing additional learning opportunities, we encourage you to take a look at certification courses in the description box.

  • @Preset_master
    @Preset_master Год назад +1

    Fantastic video... how about you take a peak into $NUTS...gonna be awesome 👌 can u peak into it with a video. U just got a subscriber

    • @SimplilearnOfficial
      @SimplilearnOfficial  Год назад

      We are glad that you have enjoyed your learning experience with us : )

  • @samkg1964
    @samkg1964 Год назад

    ?

  • @samkg1964
    @samkg1964 Год назад

    :matter-

  • @SimplilearnOfficial
    @SimplilearnOfficial  2 года назад +5

    Don't forget to take the quiz at 04:13! Comment below what you think is the right answer, to be one of the 3 lucky winners who can win Amazon vouchers worth INR 500 or $10! (Depending on your location). What are you waiting for? Winners will be announced on 28th April 2022.

    • @alMoonir
      @alMoonir 2 года назад

      Very useful video Keep up the
      good work simplilearn
      a) Smart contract's ✨

    • @hazel6247
      @hazel6247 2 года назад

      Please explain smart contracts

    • @MuhammadAsif99
      @MuhammadAsif99 3 месяца назад

      smart contract

  • @kaushikvaghela5809
    @kaushikvaghela5809 9 месяцев назад

    Frod app

  • @samkg1964
    @samkg1964 Год назад

    Test certificate UNION pig

  • @samkg1964
    @samkg1964 Год назад

    PIG

  • @gamejamzyt328
    @gamejamzyt328 Год назад +1

    Cool video ..... I really enjoyed it and it's educative
    I was hoping you make a video about $NUTS
    Would be an awesome to see one.... hope to get a reply soon. Meanwhile am now a subscriber

    • @SimplilearnOfficial
      @SimplilearnOfficial  Год назад

      We are glad that you have enjoyed your learning experience with us : )

  • @Marketing_Mavericks
    @Marketing_Mavericks 2 года назад +2

    Consensus Algorithm

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад +2

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @sandracole9132
    @sandracole9132 Год назад +1

    Dapps

    • @SimplilearnOfficial
      @SimplilearnOfficial  Год назад

      """Sorry, The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @whateveryouwant1804
    @whateveryouwant1804 2 года назад +1

    Consensus algorithm

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @samkg1964
    @samkg1964 Год назад

    ?

  • @_kishan_savaliya
    @_kishan_savaliya 2 года назад +1

    Consensus algorithm

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."

  • @sandracole9132
    @sandracole9132 Год назад +1

    Dapps

    • @SimplilearnOfficial
      @SimplilearnOfficial  Год назад

      """Sorry, The correct answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are."

  • @samkg1964
    @samkg1964 Год назад +1

    ?

  • @BankoleEmmanuel
    @BankoleEmmanuel 2 года назад +1

    Consensus algorithm

    • @SimplilearnOfficial
      @SimplilearnOfficial  2 года назад

      """Hello! You're absolutely right!. The answer is B) Consensus Algorithm
      Explanation: The Consensus Algorithm is used in decentralised finance to abolish centralised finance models by allowing anyone to use financial services regardless of who they are or where they are.."