Decentralized and Centralized Finances are involved in the fund movement associated with digital assets transactions. Those can be borrowing and lending funds, providing liquidity, and others .
Some differences? We explain them here
DeFi maintains the security of both funds and personal data, which is revealed to financial institutions in the traditional structure.
In DeFi, all operations are conducted in a publicly available blockchain. So, it is the primary trust source. Laws and licensed financial institutions regulate the traditional system.
DeFi users need to do a few simple actions to enter the DeFi world, such as setting up an e-wallet, finding a reliable platform, choosing a project, and adding funds. However, all this is completed much faster than the traditional finance system.
What other difference do you think is significant to remember?
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