Название: DeFi For DummiesАвтор: Seoyoung Kim, PhD
Издательство: For Dummies
Год: 2023
Страниц: 339
Язык: английский
Формат: pdf (true)
Размер: 27.5 MB
Get to know the building blocks of a new economy.
The promise of decentralized finance (DeFi for those up on their financial lingo) as a disruptor to financial institutions makes it must-know for anyone involved in finance. DeFi For Dummies provides an easy-to-understand option for unraveling the past, present, and future of DeFi. Understand current DeFi applications, including how to build basic applications on the leading platforms, and get a look into the future’s most promising new DeFi solutions. Staying ahead of the game is critical for finance professionals these days, and this Dummies guide makes it possible, with full coverage of how DeFi affects asset management, lending and borrowing, and investment markets. Wrap your mind around DeFi and start getting hands on, the Dummies way.
Before you dive into the practical details and instructions for deploying a smart contract, it’s helpful to gain a high-level understanding of distributed ledger technology and how public, permissionless systems operate in a way that is reliable and safe. My goal in this chapter is to present concepts that broadly pertain across smart-contract platforms, using the specifics of Ethereum to illustrate those concepts.
Absorbing the information in this chapter is not a necessary prerequisite to implementing the step-by-step guides provided in later chapters, but it will help you understand the ecosystem on which you’ll build your DeFi protocols.
The native token to a public blockchain serves this critical governance function that allows a decentralized and autonomous network to collectively operate without a leader. For one thing, the native token incentivizes community members to provide the computing power that ensures the trustless safety of the permissionless system. Native tokens are used to pay for transactions on the platform, which are used to compensate validators. For instance, validators on Bitcoin earn a mining reward along with transaction fees paid in bitcoins (BTC).
Learn how the DeFi revolution started and where it’s going
Get insight into opportunities for getting started and building value with DeFi
Discover the leading assets, exchanges, and marketplaces built on DeFi principles
Create secure DeFi applications on established platforms
This book is great for current pros or active investors in the world of finance who need to get up to speed on the world of DeFi as quickly and clearly as possible.
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