Blockchain and DeFi Overview (Nakov, Sept 2021)
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Blockchain and DeFi Overview (2021) Blockchain Technologies, Smart Contracts, Decentralized Finance (DeFi) Blockchain: Decentralized Network, No Owner, Append Only Ledger, Secured by Cryptography, Chain of Blocks Consensus Algorithms: PoW, PoS, DPoS, PoA, PoH, Avalanche, … Proof of Work: Miners Compete with Hardware Proof of Stake: Stakers Compete with Assets Bitcoin: The First Blockchain, The First Cryptocurrency Cryptocurrencies: Digital Money, with No Central Bank Cryptocurrencies: Bitcoin, Ethereum, Cardano, Polkadot Market Capitalization: 2.3T USD (Sep 2021) Crypto Wallets: Keep Assets, Sign Transactions, Hardware Wallets Crypto Exchanges: Buy / Sell Crypto and Fiat Money Ethereum: Smart Contracts, Unstoppable Apps in the Blockchain Solidity: Smart Contract Language ERC20 Tokens: Blockchain Crypto Assets, Transferrable, Tradeable NFTs: Non-Fungible Crypto Tokens DAO: Decentralized Autonomous Organizations DeFi: Decentralized Finance, Financial Products on the Blockchain DeFi Examples: DEX, Lending, Stable Coins, Derivatives DEX: Uniswap, Bancor, PancakeSwap, SushiSwap, 1inch Stable Coins: USDT, USDC, DAI, BUSD, FRAX, … Lend & Borrow: AAVE, Maker, Compound, … Derivatives: Synthetix, Nexus Mutual, dYdX Liquidity Pools: Funds Locked in a Smart Contract, Earn Share of the Collected Fees Total Value Locked: 100B USD (Sept 2021) Yield Farming: Investing in Liquidity Pools The Future: Finance --> DeFi
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Blockchain and DeFi Overview (Nakov, Sept 2021)
- Blockchain Technologies, Smart Contracts, Decentralized Finance (DeFi) Blockchain and DeFi Svetlin Nakov, PhD Co-founder, Innovation and Inspiration Manager @ SoftUni https://nakov.com Software University (SoftUni) – http://softuni.bg
- Blockchain Decentralized Network
- Blockchain No Owner
- Blockchain Append Only Ledger
- Blockchain Secured by Cryptography
- Chain of Blocks timestamp block_hash all_transactions_hash transaction #1 hash transaction #2 hash transaction #3 hash … Block #0 (genesis block) prev_hash nonce timestamp block_hash all_transactions_hash transaction #1 hash transaction #2 hash transaction #3 hash … Block #1 nonce prev_hash timestamp block_hash all_transactions_hash transaction #1 hash transaction #2 hash transaction #3 hash … Block #2 prev_hash nonce
- Consensus Algorithms PoW, PoS, DPoS, PoA, PoH, Avalanche, …
- Proof of Work Miners Compete with Hardware
- Proof of Stake Stakers Compete with Assets
- Bitcoin The First Blockchain
- Bitcoin The First Cryptocurrency
- Cryptocurrencies Digital Money No Central Bank
- Cryptocurrencies Bitcoin, Ethereum, Cardano, Polkadot
- Market Capitalization 2.3T USD (Sep 2021)
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- Crypto Wallets Keep Assets, Sign Transactions
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- Hardware Wallets
- Crypto Exchanges Buy / Sell Crypto and Fiat Money
- Crypto Exchanges
- Ethereum Smart Contracts
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- Smart Contract Unstoppable App in the Blockchain
- Solidity Smart Contract Language
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- ERC20 Tokens Blockchain Crypto Assets
- ERC20 Tokens Transferrable, Tradeable
- DAO Decentralized Autonomous Organizations
- DeFi Decentralized Finance
- DeFi Financial Products on the Blockchain
- DeFi Examples DEX, Lending, Stable Coins, Derivatives
- DEX Uniswap, Bancor, PancakeSwap, SushiSwap, 1inch
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- Stable Coins USDT, USDC, DAI, BUSD, FRAX, …
- Lend & Borrow AAVE, Maker, Compound, …
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- Derivatives Synthetix, Nexus Mutual, dYdX
- Liquidity Pools Funds Locked in a Smart Contract
- Liquidity Pools Earn Share of the Collected Fees
- Total Value Locked 100B USD (Sept 2021)
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- Yield Farming Investing in Liquidity Pools
- The Future Finance DeFi
- Starting Your First IT Job