Abstract: This research paper aims to provide a comprehensive understanding of Decentralized Finance (DeFi) and the critical role of blockchain technology in its development. It focuses on identifying the main challenges in utilizing blockchain for DeFi, exploring various strategies to overcome these hurdles, and examining the implications of these findings.
The study adopts a literature review methodology, conducting an extensive analysis of existing research on blockchain usage in DeFi from various countries.......
Keywords: Decentralized Finance, Blockchain Technology, Financial Technology, Regulatory Challenges, Technological Solutions.
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