DeFi Demystified: A Practical Guide to Decentralised Finance
Cryptocurrency is digital money that uses cryptography to secure its transactions. This session explores how cryptocurrency works, identify different types of existing currencies from fiat to digital money, and covers the fundamentals of centralised finance (CeFi) and decentralised finance (DeFi).
1. Identify historic means of payment.
2. Explore core aspects of centralized finance (CeFi).
3. Compare CeFi with decentralized finance (DeFi).
4. Demonstrate what DeFi looks like from a user’s perspective.