The power of cryptocurrencies can be understood from various perspectives, including their impact on the financial system, technology, and decentralization. Here are some key aspects of the power of cryptocurrencies:

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⁣Is it necessary to buy equipment for mining?

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⁣Is verification required on exchanges?

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⁣Decentralized Finance (DeFi) protocols are blockchain-based financial applications that aim to replicate and innovate upon traditional financial services in a decentralized manner. These protocols typically run on smart contract platforms like Ethereum and utilize blockchain technology to enable various financial activities without the need for intermediaries such as banks or brokers. Here are some common types of DeFi protocols:

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