DeFi and CeFi Compared (what are the differences?)

Описание: What's the difference between CeFi and DeFi? The first letter of the words, of course!

Only kidding! There's a world of difference when it comes to centralized and decentralized finance.

Let's have a look at some of them.

0:00 Intro
0:11 What is Decentralization?
1:30 What is Centralized Finance?
2:05 Differences and Similarities of DeFi and CeFi
2:18 1. Centralization
2:49 2. Permission
3:17 3. Trust
3:36 4. Innovation
4:12 5. Fiat Conversion Flexibility
4:38 6. Reliable System
5:25 Which is the superior option- DeFi or CeFi?
6:53 Conclusion

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❓ Disclaimer ❓

RugDoc is a DeFi community-centric team with a mission to create a safer environment in cryptocurrency and Decentralized Finance. The information contained herein is for informational purposes only. We are NOT financial advisors and this is NOT financial advice, so please do your own research before investing in any project.