DeFi Vs CeFi is one of the greatest choices a person will need to make in The Cryptocurrency Market. In this video on http://bees.social, Ray and Tim talk about the distinction of DeFi Vs CeFi. He also explaining the patterns in the Decentralize Financing (DeFi) area.
1) Centralized Financing (CeFi) exchanges-- serve as an intermediary to handle the crypto deals and activities of users
2) Decentralized Finance (DeFi) exchanges-- which remove the need of any third party to manage the activities of users, hence enabling innovation to take control of and users having authority to manage their transactions and deals.
Decentralized financing (commonly described as DeFi) is a blockchain-based form of financing that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to use conventional financial instruments, and rather uses wise contracts on blockchains, the most common being Ethereum.
The primary motive of both Decentralized Finance (DeFi) platforms and Centralized Finance (CeFi) platform stays the very same i.e. to facilitate people to use cryptocurrencies for all of their monetary requirements and services. But the way they both execute is different. Let us see how.
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