|
DeFi or Decentralized Finance is a growing trend in the cryptocurrency space. In this episode we break down Finance into four easy to components, and make a comparison between the relationship of the components to Decentralization.
- Storage of Money
- Sending and Receiving of Money
- Credit (Lending and Loaning of Money)
- Investment (Investment of Money)
This discussion spans many topics, including a brief history of Ethereum and the innovations that have allowed for finance to take place in a decentralized way.
Read Keegan's newsletter on Your Primer for DeFi here - https://keeganfrancis.substack.com/p/your-primer-for-defi
(00:00) - Introduction
(00:56) - What is Decentralized Finance?
(03:03) - What are the main financial services you get at a bank?
(08:35) - Banks are still businesses
(11:18) - DeFi entities are built upon a foundation of Transparency, and Accessibility
(19:18) - If we were still using gold, the money itself would be decentralized
(21:59) - The ability to invest, and the value of the Ethereum Platform
(33:06) - Summary, and Closing Thoughts
Edited and Mixed by Kaushik Sethunath.
Visit the Go Full Crypto website at: https://www.gofullcrypto.com
|
.png)
More
Religion & Spirituality
Education
Arts and Design
Health
Fashion & Beauty
Government & Organizations
Kids & family
Music
News & Politics
Science & Medicine
Society & Culture
Sports & Recreation
TV & Film
Technology
Philosophy
Storytelling
Horror and Paranomal
True Crime
Leisure
Travel
Fiction
Crypto
Marketing
History
Comedy
Arts
Games & Hobbies
Business
Motivation