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Decoding DeFi: Strong vs. Lite
This chapter dissects the concept of Decentralized Finance (DeFi) into two categories: 'strong DeFi,' exemplified by Bitcoin and Ethereum with strong security measures, and 'DeFi Lite,' which operates under governmental regulations. The discussion further explores Ethereum's roadmap, focusing on the complexities of scaling through Layer 1 and Layer 2 solutions while maintaining decentralization. Highlighting the potential of Ethereum's growth and the evolving landscape of DeFi, the chapter underscores the importance of credible neutrality and the challenges of centralization in the DeFi ecosystem.