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: Public Registry of assets and transactions. Autonomous. Controlled by software Permissionless Cryptographically secure, unmodified and unforgeable Operations to do on Blockchain: ✔ Reads Historical Transactions ✔ Create new transactions ✖ Update transaction ✖ Delete transaction
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