Cryptocurrencies and decentralized finance (DeFi) 📊 are becoming increasingly popular due to their transparency and innovative capabilities. Let's explore the main aspects of this world.
•What is DeFi?
DeFi (Decentralized Finance) 🌐 — is decentralized financial systems that allow transactions without intermediaries (banks and governments).
Key examples:
Ethereum, Solana, Bitcoin 💻 — programmable money.
Stablecoins (USDT, USDC) 💵 — stable cryptocurrencies pegged to fiat currencies.
•Problems with fiat money
Fiat money, such as the dollar, is subject to inflation 📉. The purchasing power of the dollar loses ~3–4% annually, which decreases the value of savings.
➡️ Solution: cryptocurrencies with a limited supply, such as Bitcoin.
•Gold: A long history, but there are downsides
Gold 🪙 has been considered a reliable asset for centuries, but:
✓Impossible to verify how much of it actually exists in the world ❓.
✓Not portable and inconvenient for use in the digital age.
Comparable: Bitcoin is digital gold 🔥
Bitcoin: Transparency and programmability
Bitcoin:
✓Completely decentralized 🌍, not controlled by governments.
✓Easily programmable 💡, opening up huge opportunities.
Transparent ✅ and convenient to use.
•Types of exchanges: where to trade cryptocurrencies?
1. Centralized exchanges (CEX) 🏢: intermediaries managed by companies.
2. Decentralized exchanges (DEX) 🔗: transactions directly between users.
•What is tokenomics?
Tokenomics 🛠️ — the economy of a token.
It explains:
✓How tokens are created and distributed.
✓How they are used.
✓What influences their price and value 💰.
Example: market capitalization 📊 shows the total value of all issued cryptocurrency tokens.
•Why are cryptocurrencies important❔
Cryptocurrencies not only protect against inflation but also provide the ability to:
✓Preserve values 🛡️.
✓Trade globally without intermediaries 🌎.
✓The future lies in transparency, decentralization, and innovation.