DeFi vs CeFi represent two distinct approaches to financial services. DeFi operates on blockchain technology, offering users control over their assets without intermediaries. Users can directly engage in lending, borrowing, and trading. In contrast, CeFi platforms are managed by centralized entities that control user funds, providing a more traditional financial experience. While DeFi emphasizes decentralization and transparency, CeFi is often preferred for its user-friendly interfaces and customer support. The key difference lies in control and decentralization.
Jack Farris
41 Blog posts