Chapter
Decentralized Finance and Ethereum
15:08 - 21:45 (06:36)
Decentralized finance or DeFi is a new category of decentralized companies and protocols that use smart contracts on the Ethereum blockchain to handle financial activities previously only handled by Wall Street. Ethereum.org, for example, uses a DNS to maintain a mapping of IP addresses similar to the domain name system used by traditional websites.
Clips
The Ethereum platform offers various applications that go beyond finance, including ENS (Ethereum name system) which acts as a decentralized name system and can be used for messaging services like Status.
15:08 - 16:23 (01:14)
Summary
The Ethereum platform offers various applications that go beyond finance, including ENS (Ethereum name system) which acts as a decentralized name system and can be used for messaging services like Status.
ChapterDecentralized Finance and Ethereum
Episode#504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)
PodcastThe Tim Ferriss Show
Decentralized Finance is a new category in which companies and protocols are being built in a decentralized way that allows access to real world assets through smart contracts on the Ethereum blockchain.
16:23 - 19:57 (03:33)
Summary
Decentralized Finance is a new category in which companies and protocols are being built in a decentralized way that allows access to real world assets through smart contracts on the Ethereum blockchain.
ChapterDecentralized Finance and Ethereum
Episode#504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)
PodcastThe Tim Ferriss Show
DeFi and Ethereum applications have a unique feature called "composability" where each piece can be stacked and built upon each other like Lego blocks, allowing for greater connectivity and innovation.
19:57 - 21:45 (01:48)
Summary
DeFi and Ethereum applications have a unique feature called "composability" where each piece can be stacked and built upon each other like Lego blocks, allowing for greater connectivity and innovation. This characteristic presents a new challenge in terms of intellectual property rights and ownership.