Traditional finance and crypto are often viewed as competing ecosystems, which should not be the case. Crypto is an advanced version of today’s markets, with the main distinguishing factor being a decentralized architecture.
Legacy finance ecosystems are centralized in nature, which means that they are controlled from a central point. For instance, central banks and the federal reserve ensure that the money supply is kept in check.
This is not the case for crypto, where operations are pre-coded on decentralized smart contracts – no central parties involved.
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