Stefano
Thu Aug 22 2024
|
5 answers
961
What is Centralised Finance and Decentralised Finance?
Could you please explain the difference between Centralised Finance and Decentralised Finance in simple terms? I've heard about them but I'm still a bit confused about the key distinctions. Centralised Finance seems to involve intermediaries and traditional financial institutions, while Decentralised Finance seems to be more about peer-to-peer transactions and blockchain technology. Could you elaborate on these concepts and their implications for the future of finance?
