DeFi Vs CeFi is one of the biggest options an individual will have to make in The Cryptocurrency Market. In this video on http://bees.social, Ray and Tim speak about the distinction of DeFi Vs CeFi. He also pointing out the trends in the Decentralize Financing (DeFi) space.
1) Centralized Financing (CeFi) exchanges-- function as an intermediary to handle the crypto deals and activities of users
2) Decentralized Financing (DeFi) exchanges-- which eliminate the requirement of any 3rd party to control the activities of users, therefore allowing innovation to take over and users having authority to manage their deals and deals.
Decentralized finance (commonly described as DeFi) is a blockchain-based form of finance that does not rely on main monetary intermediaries such as brokerages, exchanges, or banks to offer standard monetary instruments, and instead uses clever contracts on blockchains, the most common being Ethereum.
The main motive of both Decentralized Financing (DeFi) platforms and Centralized Finance (CeFi) platform stays the exact same i.e. to help with individuals to utilize cryptocurrencies for all of their financial needs and services. However the method they both execute is different. Let us see how.
