Module XII·Article I·~1 min read
Blockchain and Digital Assets
Fintech
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Blockchain and Digital Assets Blockchain is a distributed ledger (a database without a central authority) Bitcoin is the first cryptocurrency (digital gold, limited supply) Ethereum is a platform for smart contracts (programmable money) Smart contracts are automatic contracts on blockchain (if X, then Y) DeFi (Decentralized Finance) is finance without banks (lending, trading on blockchain) NFT (Non-Fungible Token) is a unique digital asset (art, collectibles) Stablecoin is a cryptocurrency pegged to the dollar (USDT, USDC) CBDC (Central Bank Digital Currency) is the central bank's digital currency (digital ruble, yuan) Tokenization is turning assets into tokens (stocks, real estate on blockchain) Security token is a token representing a security (regulated) Utility token is a token for use in a service (not a security) Mining is the extraction of cryptocurrency (transaction verification) Staking is locking cryptocurrency to earn income (Proof of Stake) Yield farming is earning income by providing liquidity in DeFi Cold wallet / Hot wallet is storing crypto offline (safe) / online (convenient)
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