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Mastering Blockchain.. - Third Edition

You're reading from  Mastering Blockchain.. - Third Edition

Product type Book
Published in Aug 2020
Publisher Packt
ISBN-13 9781839213199
Pages 816 pages
Edition 3rd Edition
Languages
Author (1):
Imran Bashir Imran Bashir
Profile icon Imran Bashir

Table of Contents (24) Chapters

Preface 1. Blockchain 101 2. Decentralization 3. Symmetric Cryptography 4. Public Key Cryptography 5. Consensus Algorithms 6. Introducing Bitcoin 7. The Bitcoin Network and Payments 8. Bitcoin Clients and APIs 9. Alternative Coins 10. Smart Contracts 11. Ethereum 101 12. Further Ethereum 13. Ethereum Development Environment 14. Development Tools and Frameworks 15. Introducing Web3 16. Serenity 17. Hyperledger 18. Tokenization 19. Blockchain – Outside of Currencies 20. Enterprise Blockchain 21. Scalability and Other Challenges 22. Current Landscape and What's Next 23. Index

DeFi

DeFi stands for decentralized finance, which is the largest application of tokenization. It is an ecosystem that has emerged as a result of the development of many different types of financial applications built on top of blockchains. With blockchains being decentralized and the applications being related to finance, the term emerged as decentralized finance, or DeFi for short.

DeFi is an umbrella term used to describe a financial services ecosystem that is built on top of blockchains. Centralized finance, or CeFi for short, is a term now used to refer to the traditional financial services industry, which is centralized in nature, while DeFi is a movement to decentralize the traditional centralized financial services industry.

We covered the concept of decentralization in Chapter 2, Decentralization, which readers can refer to for review.

Tokenization plays a vital role in the DeFi ecosystem, which is the largest use of tokenization. DeFi is a vast subject...

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