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RE: Steemit Crypto Academy Contest / S4W2 - Decentralized Finance by @drqamu
I agree with this:
Cefi is less secure when compared to decentralized finance because manipulation of data is possible in a centralized financial system. Moreover, the operating system that is put in use in Cefi is not as strong as blockchain. Cefi involves the storage of data either manually or on computers that can be corrupted with much more ease than blockchain.
DeFi has high security. DeFi has 24 hours in 7 days and there is no maintenance process.
You are right . Blockchain involves multiple nodes that keep on functioning throughout.
Thanks
While CeFi is limited and maintenance often occurs
Absolutely right .
Thank you for your time, I really enjoyed interacting with you and you have more knowledge than me. Success for you.
You have left no stone unturned to cover the topic comprehensively in your post .
Good luck .
Thank you for the greeting, I am very happy to meet people like you.