The Blockchain Net And The Spread of The Decentralised Finance Chain

Billy McDavid
4 min readDec 12, 2023

Digital innovation has significantly improved the financial system. However, the system architecture remains essentially the same.

Still centralized.
Decentralized finance (DeFi) offers an alternative. Use the public
blockchain network to perform transactions.

Instead, these roles are taken over by so-called smart contracts.
A smart contract is an instruction in the form of computer code. The code is stored on a public blockchain and…