Decentralised finance, or DeFi, uses emerging technology to remove third parties in financial transactions with key components of the technology being stablecoins, software, and hardware that enables the development of applications.
Blockchain systems record transactions made in Cryptocurrency across several computers that are linked in a peer-to-peer network. The top five blockchains to look out for in 2022 are Ethereum, Binance Smart Chain, Avalanche, Polygon, and Algorand.
In the year of 2022, the crypto space and its elements are projected to evolve in terms of uses as well as adoption. Web 3.0, public blockchain, and decentralised finance are some parts of the crypto space that are expected to boom.