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Decentralized vs Centralized Finance
Decentralized Finance (DeFi): A system where financial services are built on blockchain technology, operating without central authorities or intermediaries. DeFi platforms use smart contracts to facilitate lending, borrowing, trading, and other financial activities.
Centralized Finance (CeFi): A traditional system where financial services are provided by centralized institutions, such as banks and exchanges. CeFi platforms control user assets and transactions, often requiring know-your-customer (KYC) and anti-money-laundering (AML) compliance.
Know Your Wallet
Cryptocurrency wallets are software or hardware programs that store, send, and receive digital currencies like Bitcoin and Ethereum. They provide a secure way to manage private keys and interact with blockchain networks.
Blockchain Networks
Blockchain networks are decentralized systems that enable secure, transparent, and tamper-proof data sharing and transactions. They consist of a network of nodes that verify and validate data, using cryptography and consensus mechanisms to ensure integrity and trust.
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Cryptocurrency Basic Workshop
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