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“Successfully, it was a non-public ledger,” Powell mentioned. Nevertheless, that is not the case for decentralized finance (DeFi) as a result of there’s extra transparency in how the cash is being saved and moved. “In case you distinction that with DeFi lending, whether or not it is Aave, Compound or Maple, you may see the motion of funds always and it is all the time managed utilizing Solidity and utilizing sensible contracts,” he added.
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