CeFi vs DeFi

The biggest difference between traditional and decentralised finance is the mandate. In traditional finance, institutions, markets & financial instruments, intermediaries always exist with centralized power. Meanwhile, DeFi leverages the power of Blockchain as transparency and centralism to eliminate these intermediaries.

Specifically, government or banks (CeFi) will be replaced by decentralized blockchains. CeFi assets will be replaced by tokens located in the Blockchain ecosystem. These token are decentralized. And DeFi’s mission is to provide access to financial services to users anywhere, whenever they just have the Internet.

In fact, DeFi has been growing very fast, all products and services in CeFi can be replaced with DeFi applications.

#EF1 #EF1Finance #coin #crosschain #pos #defi #staking #swap #yeildfarming #dapp
EF1 Finance

facebook

Instagram

Twitter

Youtube

Telegram

Naver Blog

Naver Band

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
EF1Finance

EF1 is a Defi Platform that allows users to save, loan, borrow and pay Crypto Assets in a global network.