Unraveling the Mystery of DeFi | An Introduction to Decentralized Finance
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Today, James Bachini releases the first edition of “DeFi Demystified”, providing a comprehensive introduction to innovative financial technologies.
You can download this book for free (pdf, epub, mobi) or read it online at the following URL:
https://jamesbachini.com/defi/
DeFi is built on a peer-to-peer network of nodes running the developer’s smart contract code. It provides a distributed global computer for storing and processing information. The world is moving towards digital assets, and DeFi Demystified explains it in detail in simple words that everyone can understand.
At the infrastructure level, there is a brief history lesson on the birth of Bitcoin and Ethereum, which form the foundation of DeFi. This book moves on to discuss the token economy and emerging financial services that interconnect like Lego blocks on this foundation. There is a section on the risks faced by Web3, NFT, Stablecoin, and DeFi users. Finally, let’s look positively at what’s coming next and how this sector will evolve over the next few years.
Quote from DeFi Mystery Solving-Ethereum | Global Computers in the World
“July 30, 2015
The last-minute check was running anxiously, so the wall monitor counted down. The Ethereum Frontier will be open to the public in 35 minutes. The software has been in development for two years and has been monitored by the entire crypto community.
Ethereum was revolutionary and extended Bitcoin’s blockchain technology to provide a peer-to-peer network of interconnected computers. Developers can execute code and store information in this network, which no one has complete control over.
In a small, crowded office in Berlin, Vitalik Buterin was nervously tapping his laptop. He was surrounded by colleagues who supported his vision for distributed virtual machines. But at this point he was thinking alone, so it was his responsibility to set up a network and change the financial world forever. “
Quote from DeFi Mystery Solving-NFT-Non-Fungible Token
“NFTs are unique tokens that are deployed through smart contracts. Regular tokens can be exchanged for another token in the same way, but non-fungible tokens are one-time. NFT is digital art. It represents ownership of metadata that is often linked to or collectibles and is used to transfer.
Many marketplaces and NFT portals provide web-based applications that make it easy for authors to create NFT artwork without having to interact with the underlying code. The creator can take a jpg image and upload it to Opensea or Rarible to create an NFT. “
Author: James Baccini
Website: https: //jamesbachini.com
Twitter: https: //twitter.com/james_bachini
YouTube: https: //www.youtube.com/c/JamesBachini
contact info:
Name: James Bacini
Email: Send an email
Organization: James Bachini
Website: https: //jamesbachini.com
Source URL: https: //marketersmedia.com/james-bachini-explains-defi-in-new-book/89059904
Source: MarketersMEDIA
Release ID: 89059904
