Name: “Cryptography, zero, whales and defi: Integral Fintech landscape guide”
Introduction
The world of cryptocurrencies in recent years has been in the trajectory of explosive growth, and new innovative technologies and platforms appear every day. One of the most exciting areas in this space is Defi (decentralized financial), a relatively new and fast ecosystem aimed at transforming traditional financial services into blockchain -based models. This article will deepen the world of cryptography, zero, whales and defi, studying their respective roles, characteristics and possible consequences for the future.
Cryptography
Cryptocurrency refers to digital or virtual currencies using safety cryptography and is decentralized, which means that they are not controlled by any government or financial institution. The most widely recognized cryptocurrency is Bitcoin (BTC), but other popular options are Ethereum (ETH), Ripple (XRP) and Litecoin (LTC). Cryptocurrencies operate in a pairs computer network, allowing users to send and receive transactions without the need for intermediaries, such as banks.
Layerzero
Layerzero is an innovative project aimed at creating a new layer of blockchain technology eliminating unnecessary complexity layers. Unlike the traditional block chain, Layerzero uses a new unanimity algorithm that allows you to handle the treatment faster and more efficiently. The platform also introduces a unique security approach through the “Zero Knowledge” protocol, which guarantees the integrity and transparency of transactions.
whales
In the context of cryptocurrency, whales refer to large -scale investors with a significant amount of a marker or active in particular. These people are often involved in large market movements and are considered the main actors in the form of a relevant cryptocurrency. Whales can be institutional investors or individual merchants, but tend to have tremendous wealth and influence.
Defi
Defi (decentralized financing) is a relatively new area of cryptocurrency space for traditional financial services into blockchain -based models. DEFI platforms use intelligent contracts to create automated loan systems, loans, commerce and other financial activities. These platforms allow users to participate in decentralized shots, access liquidity groups and obtain exposure to several assets, unless intermediaries are needed, such as banks.
Defi Main qualities
The platforms often have several main features that include:
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Decentralization : Decentralized finances work on the peer network for the same, allowing users to interact directly with each other.
- Intelligent contracts : Defi platforms depend on intelligent contracts, which is a self -control code that automates transactions and guarantees compliance with predetermined terms.
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Liquidity pools : Many DEFI platforms use liquidity funds that act as intermediaries between buyers and suppliers, providing a stable price for an asset or service.
- Cross trade : DEFI allows users to market several assets without the need for traditional financial institutions.
Potential effects
Defi shows that it has a significant impact on traditional financial services like this:
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Reduce intermediaries
: Platforms often eliminate the need for intermediaries such as banks and corridors.
- Increases transparency : Smart contracts provide a transparent and audible transactions register by reducing scams and other types of malfunction.
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Promotes liquidity : The decentralized places of the market allow users to participate in liquidity funds, increasing access to assets for both buyers and suppliers.
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