What is DeFi in crypto? Why is it better than CeFi? Read to find out…
DeFi is crypto’s version of Wall Street… let me tell you how… To send or receive money in the traditional financial (TradFi – crypto term for traditional finance) system you need intermediaries, like banks or stock exchanges To feel comfortable doing the transaction, all parties need to trust that those intermediaries will act fairly and honestly In DeFi, those middlemen are replaced by software. Instead of transacting through banks &…