As more people are becoming interested in cryptocurrency as a new payment or investment method, it is important to spread the knowledge base needed to navigate the crypto world successfully. We'd like to give you a quick overview of the terms commonly used in relation to blockchain technologies.

💎 DeFi - Decentralized finance
A collective term for financial products and services built on top of open-source blockchain technology. DeFi is a better, more transparent, faster, and easier to use alternative to the traditional financial system. Exchanges in DeFi are peer-to-peer, meaning they operate without a middleman. This is possible due to smart contracts that work purely on blockchain.

💎 DApps - Decentralized applications
These are applications built and running on top of a blockchain technology. The variety of applications is unlimited and may include web browsers, games, investment tools, blogging platforms, etc.

How does TON fit into DeFi?
TON is a decentralized blockchain technology that can process millions of transactions every second which allows for instant payments. TON aims to make DeFi more understandable and easily accessible to more people and serves as a platform for building DApps.