DeFi vs CeFi represent two approaches to financial services in the cryptocurrency space. DeFi operates on blockchain technology, eliminating intermediaries and offering users control over their assets. In contrast, CeFi relies on centralized institutions, providing traditional services like lending and borrowing but requiring users to trust these intermediaries. DeFi emphasizes transparency, security, and accessibility, while CeFi often offers faster transactions and user-friendly interfaces. Understanding these differences is crucial for navigating the evolving financial landscape.
Jack Farris
66 Blog posts
