Which of the following layers does Defi include?

Answer:

All of the above

explaination:

Defi, or decentralized finance, encompasses multiple layers that work together to create a financial ecosystem without traditional intermediaries. The blockchain layer is essential as it records all accounts and transaction data securely and transparently. The assets layer includes various cryptocurrencies that can be used within the Defi ecosystem for trading, lending, and other financial activities. Lastly, the protocol layer involves smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. Together, these layers form the foundation of Defi, allowing for innovative financial services.

Topic: Decentralized Finance (Defi)

Tags: defi blockchain cryptocurrency smart contracts financial technology

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Which of the following layers does Defi include?

Question:

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Answer:

explaination: