The crypto market experienced massive growth in the past few years. Based on last year’s reports, the total number of crypto users worldwide could hit a billion by the end of 2022.

On top of that, the emergence of Web 3.0 further strengthened decentralized technologies. Decentralization goes beyond tokens nowadays. We see decentralized systems utilized across various platforms, from minting NFTs to creating stable coins.

Sadly, many still feel unsure about these new technologies despite their noteworthy milestones. You’ll even see internet trolls spreading hate about them.

However, Co-creators of Earnity, Domenic Carosa and Dan Schatt want to help the emerging future of crypto. Decentralized technologies will continue bridging society to the future of finance. We’re not as far off from mainstream adoption as you might think.

Decentralized Finance (DeFi) vs. Traditional Finance

To help you understand the difference between decentralized and traditional finance, let’s see how they stack against each other in terms of:

Personal Loans

DeFi Flash Loans enable you to take out zero-collateral loans almost instantly. On the contrary, commercial banks would need to review your identification and professional details before approving personal loan applications.


Decentralized and traditional finance options have their security pros and cons. For instance, DeFi platforms give you total control and dominion over your cybersecurity system. A technologically adept individual can utilize this open platform to their advantage, but a casual investor might need the help of a commercial bank.

Customization and Privacy

DeFi trumps traditional finance in terms of privacy. DeFi works independently. No universal institution or organization, not even DeFi developers, can oversee decentralized transactions.

Bottom Line

Mainstream adoption likely wouldn’t happen in the next year. However, it’s coming. When it does, early adopters will yield the most benefits.

For this reason, the Co-creators of Earnity, Dan Schatt and Domenic Carosa, hope for a clean and stable transition for the public. This article encourages readers to start learning about DeFi technologies. Understanding their basic principles already puts you at an advantage. You’ll learn to incorporate these systems into real-world transactions over time.