Comparing Centralized to Decentralized Finance
This article, CeFi vs. DeFi, Comparing Centralized to Decentralized Finance, helps you understand what decentralized finance actually means.
The article defines finance as the process that is involved in the creation, management, and investment of money. Finance basically links those that need money with those that have money.
The authors seem to believe that CeFi and DeFi will co-exist. Here is the paper's conclusion:
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