DeFi Vs CeFi is among the biggest choices an individual will have to make in The Cryptocurrency Market. In this video on http://bees.social, Ray and Tim discuss the difference of DeFi Vs CeFi. He likewise explaining the trends in the Decentralize Financing (DeFi) area.
1) Centralized Financing (CeFi) exchanges-- act as an intermediary to manage the crypto deals and activities of users
2) Decentralized Finance (DeFi) exchanges-- which remove the requirement of any 3rd party to manage the activities of users, hence permitting innovation to take over and users having authority to manage their transactions and deals.
Decentralized finance (commonly described as DeFi) is a blockchain-based form of financing that does not depend on main financial intermediaries such as brokerages, exchanges, or banks to offer traditional monetary instruments, and rather uses wise contracts on blockchains, the most common being Ethereum.
The main intention of both Decentralized Financing (DeFi) platforms and Centralized Financing (CeFi) platform remains the very same i.e. to help with people to utilize cryptocurrencies for all of their financial requirements and services. But the way they both execute is different. Let us see how.
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