What Makes TradFi Different From DeFi?by@m_muslimi

What Makes TradFi Different From DeFi?

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decentralized finance (DeFi) is an alternative to the banking system we currently have. DeFi supporters state that there is a core need for an open, transparent, and secure financial system. But what are the real differences between DeFi and TradFi? There are three key differences: In DeFi the public blockchain is the source of trust, whereas in TradFi it is regulatory bodies that are the trust source. Unlike TradFi, DeFi projects are able to offer banking without borders and provide uncensored global financial services.

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@m_muslimi

Mehran Muslimi

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