Blockchain Technology

Decentralized Finance (DeFi)
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Decentralized Finance or ‘DeFi’ is the “reinvention of the financial system” which does not use any financial intermediary. Typically running on the Ethereum network, DeFi protocols include decentralized exchanges (DEXs), lending and borrowing markets. In 2020, DeFi experienced rapid growth of 2000%+ Related Articles DeFi Webinar: The Fine Line Between ‘Software’ and ‘Service’ Provider DeFi…

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Decentralized Virtual Currencies
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Decentralized Virtual Currencies (cryptocurrencies) are distributed, open-source, mathematically-based peer-to-peer virtual currencies that have no central administering authority, and no central monitoring or oversight. Examples include: Bitcoin, Ethereum, Litecoin and Namecoin. Related Articles Are cryptocurrency reclaim cases defining that Bitcoins constitute property? DeFi Webinar: The Fine Line Between ‘Software’ and ‘Service’ Provider DeFi Webinar: Can Blockchain

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Digital Asset
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Digital Assets are any assets that are stored digitally. This could mean photos, videos, files containing messages, spreadsheets, etc. However, the definition has been broadened to become a synonym of cryptocurrencies as more financial institutions have become involved in the market, under ‘financial digital assets’. Non-Fungible Tokens or ‘NFT’s, running on the ERC-721 token standard,…

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Distributed Ledger (Shared Ledger)
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‘Ledgers’, or put simply, records of activity, were historically maintained on paper, more recently these were transferred to bytes on computers, and are now supported by algorithms in blockchains. They are essentially an asset database that can be shared across a network of multiple sites, geographies or institutions. All participants within a network can have…

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