Coinbase: Cryptocurrencies Create "Quantum Leap" in Currency Function

Cryptocurrency exchange Coinbase said that the development of DeFi is creating a globally accessible and more open alternative for traditional financial platforms. Coinbase said that smart contract-based blockchains such as Ethereum enable developers to create "more complex functions than simply sending and receiving cryptocurrencies." These software programs are called decentralized applications or DApps. Coinbase said that incredible things are happening in the DeFi system, and that encryption technology is bringing money online, creating a "quantum leap" in currency functions.