D.AI.SY | Understanding Decentralized Crowdfunding

Daisy Global18 Aug, 2024Finance

Decentralized crowdfunding, also known as decentralized finance (DeFi) or blockchain-based crowdfunding, refers to the process of raising funds for projects through decentralized platforms that operate on blockchain networks. These platforms utilize smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, to automate and facilitate the fundraising process.