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Blockchain in Decentralized Finance


How Decentralized finance differs from Centralized finance?

Centralized Finance:

Issue with Centralized finance:

  • Requires Total trust 
  • Slow Transactions 
  • High Maintenance fee charges 

Decentralized Finance:


Main Characteristics of Bitcoin:

  1. Public Registry of assets and transactions.
  2. Autonomous. Controlled by software
  3. Permissionless
  4. Cryptographically secure, unmodified and unforgeable

Operations to do on Blockchain:

✔ Reads Historical Transactions
✔ Create new transactions
✖ Update transaction
✖  Delete transaction

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