William Zivic

Summary

Strategic 'walking' within the blockchain ecosystem, pausing at areas of interest... 21st Century Blockchain Developments: o Cryptocurrencies (by Market Capitalization, Large and Small) o Stablecoins: are cryptocurrencies the value of which is pegged, or tied, to that of another currency, commodity or financial instrument o Decentralized Autonomous Organization (DAO) is "...an organization where the rules of operation and organizational logic are encoded as a smart contract on a blockchain … DAO’s […] formulation combines blockchain technology, organizational structures, legal entities, workflow execution, governance/voting, incentive structures, and contribution/work." o Exchanges: Centralized (CEX) and Decentralized (DEX) o CEX Requirements (aspects): - Know Your Customer (KYC): the aspect of due diligence that deals with the identity verification of customers - Anti-Money Laundering (AML): the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income o Centralized applications (blockchain examples): - Supply Chain: Leading companies use blockchain to build trust, transparency, and data synchronization across ecosystems involved in moving products or services (e.g., coffee beans, seafood, agriculture) from supplier to customer - Central Bank Digital Currency (CBDC): uses a blockchain-based token to represent the digital form of a fiat currency of a particular nation o Decentralized applications (dApps); e.g., DeFi o Decentralized Finance (DeFi): - DeFi Protocols: The movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries - Liquidity Pools (LP): Exchange, borrow, or lend tokens among DeFi applications - Yield Farming (YF): The act of putting money into DeFi applications as a liquid provider to earn interest, fees, or other rewards - Total Value Locked (TVL): Its value is usually calculated using three major components, which is the total value locked in Dollars, Ethereum, Bitcoin, and the native token of each protocol - Synthetic Assets (Synths) a new type of derivative o Non-Fungible Token (NFT) a unique digital identifier that cannot be copied, substituted, or subdivided (immutable) that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it)