Josh Hillcoat
Bio
A crypto and DeFi amateur who will never stop learning about this amazing industry! I wanted a place to document my findings and here seems to be a great spot.
Stories (3/0)
DeFi and dapps
Decentralized finance, or DeFi, Decentralized applications (dapps) manages financial transactions using cryptocurrencies and blockchain technology. DeFi intends to democratise finance by replacing old, centralised institutions with peer-to-peer connections capable of providing a wide range of financial services, ranging from ordinary banking, loans, and mortgages to complex contractual interactions and asset trading.
By Josh Hillcoat2 years ago in The Chain
Understanding Layer 0, 1 and 2 protocols in cryptocurrency
Layer 1 and Layer 2 protocols are the working cogs that bring utility to the blockchain machine. You have the large cogs that set everything in motion, this is Layer 1. Then you have all the little cogs that begin moving and increase the efficiency and accuracy of what the large cogs are trying to achieve, at a much cheaper cost.
By Josh Hillcoat2 years ago in 01