Centralized vs. Decentralized: DeFi Vs CeFi: (nfts, polkadot, trading crypto, bitcoin, staking crypto, invest crypto, ethereum, blockchain, defi, cardano, ... solana, metaverse, metamask, gaming)
English | 2022 | ISBN: 785278770 | 340 pages | epub, azw3 , pdf | 347 MB
In a world where the majority of what we do and what we consume rely online, having no internet connectivity almost seems impossible. As of July 2020, almost 4.57 billion people are active digital users. However, even though China and India have a larger share of internet users, both of these countries reportedly had the world’s largest unbanked population.
Looking at the modern society we are in right now, major concerns like the availability of financial services must be addressed. Hence, as traditional finance transcends to digital finance, cryptocurrency now coexists with fiat currencies like the US dollar and British pound.
Amid the cryptocurrency landscape, both centralized and decentralized players prevail. As matters concerning verification, custody, exchange, and trust are considered, one obvious question pops into mind: will DeFi replace CeFi?