Defi, smart contracts, DApps and ETFs

💡 Overview of topics: DeFi and related technologies

 

Decentralised finance (DeFi) 🌐

• Core concept: Decentralisation as the basic idea. No middlemen, no central authority. 🚫🏦
• Use cases: What you can do with DeFi (e.g. lending, trading, saving without traditional banks).
• Evaluation: An overview of the advantages and disadvantages of decentralised finance. ⚖️

Technological basics 💻

• Smart contracts: Explanation of why ‘code is law’ (self-executing contracts), as well as the associated disadvantages and risks. 
• Examples of applications for smart contracts. 💡
• Protocol changes: The difference between soft forks (backward compatible) and hard forks (not backward compatible) as a mechanism for changing rules in blockchains. 🔄

Decentralised applications (DApps) 📱

• Definition & function: Origin and functioning of DApps (apps that run on a decentralised blockchain). 🛠️
• Criteria: The four criteria that make an app a DApp. 
• Use: Application and use in practice. 🌍

Traditional finance vs. crypto 

• ETFs: Explanation of exchange-traded funds (ETFs), how they work (physical vs. synthetic).
• Connection: The current development of cryptocurrency ETFs as a bridge between traditional and decentralised finance. 🔗
• Clarification: Answering important questions about the connection between ETFs, DeFi and blockchain technology. 🤔