So what’s the story behind Decentralized Finance? How has all of this started? What happened in DeFi in 2020? And where are we going in the future? You’ll find answers to these questions in this video.
Although there is no one agreed-upon date when decentralized finance was born, there were a few important events that made DeFi possible.
The first of them was the creation of Bitcoin in 2009 by Satoshi Nakamoto.
Despite whether Bitcoin should be classified as DeFi or not, its inception was the key enabler for the whole cryptocurrency industry which decentralized finance is part of.
Although sending Bitcoin around the world is cool – finance doesn’t stop there. Every robust financial system needs a set of other important services such as lending, borrowing, trading, funding or derivatives.
Ethereum, with its Turing-complete programming language Solidity and the ERC20 standard for creating new tokens, quickly became a go-to smart contract platform to build on.
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DEFI – From Inception To 2021 And Beyond (History Of Decentralized Finance Explained)
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DEFI – From Inception To 2021 And Beyond (History Of Decentralized Finance Explained)
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43 comments
Ayyy I had bitshares back then, although they were called Protoshares at the time
Only 50% way through the video but I had to pause and leave a comment. Wow! A simple to understand and concise explanation of the birth and development of DeFi. Liked, Sub and Hit the notification button. Thanks you for you efforts.
Can you BELIEVE this content is free?
can you explain pancake swap ? you are absolutely remarkable person in real life too
wise token !
soon , the new shopping model will be when ever you are watching a video or reading about a product you will be able to move your courser over the product and see the price and purchase if you like with no credit card info needed also a cancel button you will have an opportunity to cancel your order all with no more entering in personal information ever its coming thanks to crypto
igmi .:.
This is such a sick channel!!!!!
wow, you're really not gonna mention chainlink as a notable ICO in 2017 @ 5:50? Defi wouldn't be shit without it, as all the projects you mentioned uses link as a security measure
This channel is amazing, looking forward more videos!
Only when it becomes turn key usability, it will become mainstream, otherwise it's bunch of overweight tech savvy guys at corner of the club, checking out financially strap hot chicks having the time of their life, all night long. hey! maybe they can pay them to hang out, with all the money they made from investing in cryptocurrency? oh, they only got DCA.
Not many of these DeFi projects would be possible to be secured without a premium data feed oracles. Chainlink? Barely even montoined in the video.. Without Chainlink DeFi would be much much weaker, and the black swan event would have been absolutely catastrophic wihtout Chainlink's price oracles which endured the severe volatility. Also it's misinformation that Uniswap was the first liquidity pool based DEX, because Bancor was the first which coined the liquidity pool term long before Uniswap. Uniswap copied the main concept from them, effectively stealing the fame from them. Even though the video had a few major mistakes, it's pretty decent and much better than most on YouTube currently.
All because Blockstream, etc. insisted that bitcoin could not scale… onchain. There’s a reason bitcoin was meant to be an unbroken chain of digital signatures… so all these machinations
Cool channel keep up the good work, thank you.
Ladies and gentlemen! Satoshi Nakamoto himself explaining DEFI.
Love it like always.
This is such a great channel & I absolutely love it, but representing Satoshi Nakamoto only as a man is really dissapointing.
those stories are really inspiring but would be cool to here the story of stablecoins, particularly tether
Super helpful. Leaving comment for the algorithm!
Ok
A very rapidly changing world!
The sincere hospital spatially suggest because pastor formerly learn till a homely nepal. keen, woebegone bookcase
going forward to blockchain 3.0 / web 3.0 with altC layer 1 tech
great content
A lot more potential return in BabyMoonWolf . The real money in Dogecoin has already been made. The gains are small now. BabyMoonWolf is still early. Check out the token in CoinMarketCap or Coingecko crypto websites. It's a DeFi token with a great and active community and developer who is planning a merch store for the token. It's not a scam as liquidity is put in time lock for 6 months from June 21'. Putting a few bucks as investment won't hurt you.
i hate ethereum,the first time i wanet to exchange an asset on uniswap i was unsure,i needed to try first.the transaction was 15 usd the ethereum gas was something like 8 usd.i hope cardano smart cantract will lounch soon to end and stop ethereum power abuse.
Can you explain why yeilds are so high? I've heard alot about staking and it seems like even borrowers are required to stake funds.
we're so early
Excellent conceptualization of the future of finance
good Defi history content.
Great video, are you able to do an overview of decentralised fiat on/off ramps please? Why there are very few/none, wht challenges need to be overcome? Thanks
Great job!!!
Extremely valuable course with such high quality
Amazing info!!! Well done!
The amount of effort you put into each video is commendable!
BNB, NANO, DFI.
Thanks! I like your videos. They let me learn a lot! But one risk which you havent explained. Besides contract risk you also have the platform risk. Because the platform ie. the website to interact with the smart contracts is essential in retrieving/withdrawing deposited collateral. If someone takes down the website/ platform then you have no chance of withdrawing your deposits anymore? Is this correct ? Please explain this in another video maybe.
You are amazing. Thank you for the detailed explanation.
No BSC?
Good information
Great Content. Thank you!
If I got 1 Eether for each word or coin I didn't understand I could buy USA
Good video, however we can argue that Reggie Middleton is the godfather of Defi via Veritaseum token and exchange