But with the advent of blockchain technology and crypto-currency, all this traditional finance has been coupled with this new technology that gives us some characteristics that traditional finance does not enjoy, let's start with the following, a point very important:

Decentralization

As I said earlier, banks as we know them today are centralised institutions, this on the one hand can make for optimal functioning in terms of decision-making, of course, but the reality is that it is not just that, but that it is to meet a growing demand, which is global and the banking and financial infrastructure as we know it is totally insufficient.

With the use of the blockchain this obstacle is overcome, since it is now evident that it is a global technology that is scalable and this is improving every day allowing up to hundreds of thousands of transactions per day to be carried out, at a really low cost or even without cost, very quickly, and without space limits.

This already makes a big difference between both, don't you think?

This platform is an example of this, we are not charged for the transfers and they can be made from one wallet to another in a matter of seconds. And the best thing: Without any intermediary.

Something very important that together with the Ethereum Blockchain came up was the INTELLIGENT CONTRACT. This eliminates once and for all the need of an intermediary, since it is a Software that is programmed to be executed only when the conditions previously established are met, that is why it is intelligent, programmed, the possibilities of error are very few, almost none.

This makes it possible to create many applications and protocols based on this technology, of which there are already many. <If you want to know a little more about Smart Contracts I invite you to visit this publication that I titled Do you have any idea what a Smart Contract is? that I made about this topic.

Having clarified the previous points, which I consider very necessary to understand what the main point of this post is, now if we define it as DeFi.

"DeFi is the abbreviation of decentralized finance that includes digital assets, protocols, intelligent contracts and dApps built in blockchain. We can think of DeFi as an open financial ecosystem where various financial tools and services can be built in a decentralized way. " _Source

In this way, intermediaries are left behind and the interaction is directly with the platform. Just like in Hive, where we can, without the need of anyone, make the transactions we want to make. Take the power away from those centralized institutions and facilitate processes, losing less on the way with interests, commissions, fees, among other things.

The reality is that there are already tools to manage assets, analysis services, KYC (Know Your Customer) among many other things. An impressive number of platforms of this type, in the context of DeFi that offer the same services we have in traditional finance, such as loans. But as previously said, without intermediaries, in a public blockchain, where it is not possible to modify what is registered in it.

In short, everything is profit in this new type of finance, at least as far as I'm concerned.

I hope I've been clear enough and left a good view on it.

Thank you so much for the opportunity @vlemon and @culgin to present this contest to everyone. Here I leave the link, I invite you to participate in this community contest Defi Campus

_{I invite you to visit Project.hope and learn about the benefits of this project for all those interested in growing while helping others to grow.}