What is the impact of understanding web3 on the future of cryptocurrency?

1 answers

• Dec 19, 2021 · 3 years ago
  At BYDFi, we believe that understanding web3 is essential for navigating the future of cryptocurrency. Web3 technology enables the development of decentralized applications (dApps) and smart contracts, which are the building blocks of the decentralized finance (DeFi) ecosystem. By understanding web3, users can leverage the full potential of DeFi platforms, such as decentralized exchanges and lending protocols, to earn passive income and participate in governance. Web3 also promotes financial inclusivity by providing access to financial services for the unbanked and underbanked populations. As the cryptocurrency industry evolves, web3 will play a pivotal role in shaping the future of finance and revolutionizing traditional systems.
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