Blockchain Bare Bones

 

Presenter:           Andreas Park
 

 

What is a Blockchain?

What is a Cryptocurrency?

Addresses, Accounts, Wallets, and Public/Private Keys

Smart contract accounts

  • controlled by code
  • decentralized applications
  • tokens

Externally owned accounts

controlled by private keys

private
key

public
key

seed phrase

public
address

wallet = software to keep and use private keys

What is Decentralized Finance?

DeFi: new financial infrastructure that will be a common resource

payments

stocks, bonds, and options

swaps, CDS, MBS, CDOs

insurance contracts

decentralized finance =
provision of financial services without the necessary involvement of a traditional financial intermediary

big picture

  • replace commoditizable financial "services"

  • Examples:

    • ​accounts

    • payments

    • basic credit

    • basic investment advice

    • basic trading