Summary
In this chapter, we covered tokenization and relevant concepts and standards. We also covered different types of tokens and related token standards. Moreover, a primer on trading and finance was also provided to familiarize readers with some standard finance concepts, which help us to understand the DeFi ecosystem too, as most DeFi terminology is borrowed from traditional finance.
Also, we introduced a practical example on how to create our own ERC-20-compliant token using the Ethereum platform. Finally, we introduced some emerging ideas related to tokenization.
In the next chapter, we will explore how blockchain can be used outside of the context of its original usage, that is, cryptocurrencies. We will cover various use cases, and consider in particular detail the use of blockchain in IoT.
