Decentralized Finance (DeFi) and Traditional Finance (TradFi)
There is a core need for an open, transparent, and secure financial system and that TradFi simply doesn’t provide that. Essentially, DeFi positions itself as an alternative to the banking system we currently have.
One of the arguments for DeFi is that because it is a blockchain-based concept, it is outside of governmental and regulatory control.
This has a strong appeal to those who are concerned about what we have learned about personal data collection by commercial entities and governments.
DeFi answers the desire for data security and privacy.
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Today, any kind of financial service, like an insurance claim, loan, asset management, or even stock trading requires the go-ahead from banking institutions and other middlemen who can seize your assets if you default even slightly.
Decentralized Finance(DeFi) cuts the middleman and puts ev...
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