Decentralized Finance (Defi) The Future Lead

Centralized finance system has rules for a long time, now decentralized finance has emerged as the new king, standing above cefi, it is true that most people are fading away from traditional systems in carrying out transaction, then to further emphasize this agenda, I don't think there is anything wrong in any way, that's human nature, the world needs to move forward, old things go backwards while the new method needs to step forward, taking our mind back to the financial system, the rising star is DEFI.

What is Defi if I may ask, Defi or decentralized finance is the new evolution method to make financial transactions, this new method wants to do away with the old method, which is the centralized system, the cefi was in no way good anymore, it seems people get smarter than it, as it involves spending time transacting so defi has cut out these middlemen which brings too many opinions causing the transaction delay lastly defi carried out transaction in a more secure and transparent way.

However, Defi has more advantages than disadvantages, one of the advantages is that it saves time: no one wants to sit in a place where people bore and waste more tons of their time, people demand all the transactional activities they involved to be activated quickly so they can move on and face something else.

Transparent: DeFi transactions are carried out on a blockchain, where it is transparent and secure, however, one mandatory thing that we must know is still highlighted, which is our keys because at each step to perform any of these transactional operations, our keys would be needed, so these keys must be kept safe.

Middleman eliminations: In Defi, you don't need anyone to ask you for your name before you can access your funds, just as we experienced in the centralized system, but in defi you have full control of everything in your wallet, while in the cefi system, the situation would not be the same, the intermediaries would be there causing you to have an unhealthy transaction.

DeFi is true, the future we need to hold on to, its features are there, showing that it stands out very well, think of it this way, you wake up in the morning and need some funds in your wallet, then you grab your PC or tablet, then you make a secure transaction, then you get out of bed, go to the store and get what you want, simple as that.

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Posted Using LeoFinance ^Beta