'ReFi, DeFi and DeSci: What Do They Mean?' defi crypto
ReFi, DeFi and DeSci are some abbreviations people who read cryptocurrency blogs have probably seen appearing more often. ReFi stands for regenerative finance and decentralized finance, using crypto to cause positive change. DeFi stands for decentralized finance, and it involves creating a new internet-based financial system. DeSci is decentralized science, which seeks to uproot traditional scientific practices to make them more fair and democratic.
Another priority is to change who owns and controls the data collected during scientific research. For example, someone participating in a study might agree to use a health wearable for a certain period. One of DeSci’s goals is to have that person own and have input on what happens to that data after the study ends.DeFi is arguably the most established of the three definitions discussed here.
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