#DeFi vs. #Fintech
▻https://hackernoon.com/defi-vs-fintech-6e9346605362?source=rss----3a8144eabfe3---4
…or Wall St. meets blockchainDespite the ongoing boom in decentralized solutions, the realm of finance is still pretty much centrally governed by banks and other financial institutions that are in full control of people’s assets while making decisions about investment on industrial scale. #DeFi has recently emerged as a viable alternative that leverages a set of more progressive agile tools to the status-quo claiming to hand over the control over to the hands of users. What are these bespoke tools and mechanisms, and how are they more competitive vs. their fintech counterparts?Essentially, #defi is advantageous compared to its fintech predecessor mostly because it provides some extra functionality and fewer operational risks thanks to its decentralized nature of minimizing trust at the (...)
#defi-vs-fintech #decentralized-finance #wall-st-blockchain #blockchain