DeFi Vs CeFi is among the biggest choices a person will need to make in The Cryptocurrency Market. In this video on http://bees.social, Ray and Tim discuss the distinction of DeFi Vs CeFi. He also mentioning the patterns in the Decentralize Finance (DeFi) space.
1) Centralized Finance (CeFi) exchanges-- serve as an intermediary to manage the crypto deals and activities of users
2) Decentralized Financing (DeFi) exchanges-- which get rid of the requirement of any third party to manage the activities of users, therefore allowing technology to take over and users having authority to handle their transactions and offers.
Decentralized financing (typically described as DeFi) is a blockchain-based type of financing that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer standard monetary instruments, and rather uses wise agreements on blockchains, the most common being Ethereum.
The primary motive of both Decentralized Finance (DeFi) platforms and Centralized Financing (CeFi) platform stays the exact same i.e. to facilitate people to utilize cryptocurrencies for all of their monetary requirements and services. However the method they both perform is various. Let us see how.
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