DeFi allows anyone with an internet connection to access or launch financial products and services without having centralized authorities who can block payments or deny access. The shared public ledger incorporates chained blocks of the overall records of all transactions which have been timestamped and confirmed for anyone to inspect and scrutinize. Therefore, DeFi ensures stable and secure transactions throughout a peer-to-peer (P2P) community because the transaction data can by no means be erased or altered after being confirmed. Furthermore, the fact that the whole service is handled by code indicates less risks of human error, thus the processing time and service fee is minimized.
