Category: Centralized Finance
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What are Centralized Exchanges (CEX)?
Centralized Exchanges are online digital platforms that allow to purchase, swap or sell crypto currencies. They are usually owned by a centralized team or a company They are custodial in nature. They manage your funds. When you upload money, it goes into their bank account, with a record of your deposit into their database. You…
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Problems with outdated financial system
The financial system that the world has been using for several decades now has aged. Suddenly the bloom of cryptocurrency, and decentralized finance has made the old system even look ugly. Here are more than a dozen major problems that they have right now. It is slow and inefficient There is no transaction level transparency…