What's DeFi?

Everything is Computation Recently DeFi has been booming and can be called a phenomenon-level event. Many people have discussed it from economic and internet application perspectives. In this article, I attempt to provide a different explanation based on computation theory. Ethereum, as a second-generation public chain representative project, according to its whitepaper vision, aims to utilize blockchain technology to implement a Turing-complete distributed computer on the public internet. Compared to its predecessor Bitcoin, the most important upgrade is the implementation of Turing-complete smart contracts.