DEFI – From Inception To 2021 And Beyond (History Of Decentralized Finance Explained) finance 2021

by adminDianeAshleyBooks



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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43 comments

Albert Renshaw 03/03/2022 - 3:37 Chiều

Ayyy I had bitshares back then, although they were called Protoshares at the time

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Aneil Sharma 03/03/2022 - 3:37 Chiều

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.

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jason meng 03/03/2022 - 3:37 Chiều

Can you BELIEVE this content is free?

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TikkTac 03/03/2022 - 3:37 Chiều

can you explain pancake swap ? you are absolutely remarkable person in real life too

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michael cherney 03/03/2022 - 3:37 Chiều

wise token !

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michael cherney 03/03/2022 - 3:37 Chiều

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

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The Versace Room 03/03/2022 - 3:37 Chiều

igmi .:.

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Mariyam Shamshidova 03/03/2022 - 3:37 Chiều

This is such a sick channel!!!!!

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WabbitWounds 03/03/2022 - 3:37 Chiều

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

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AlexGhoro 03/03/2022 - 3:37 Chiều

This channel is amazing, looking forward more videos!

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Jason Yu 03/03/2022 - 3:37 Chiều

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.

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vashuman 03/03/2022 - 3:37 Chiều

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.

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connj67 03/03/2022 - 3:37 Chiều

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

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Tony Barrak 03/03/2022 - 3:37 Chiều

Cool channel keep up the good work, thank you.

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Hussam Ulhaq 03/03/2022 - 3:37 Chiều

Ladies and gentlemen! Satoshi Nakamoto himself explaining DEFI.

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Decentralized 03/03/2022 - 3:37 Chiều

Love it like always.

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Rohini DILIP D 03/03/2022 - 3:37 Chiều

This is such a great channel & I absolutely love it, but representing Satoshi Nakamoto only as a man is really dissapointing.

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tapas sew 03/03/2022 - 3:37 Chiều

those stories are really inspiring but would be cool to here the story of stablecoins, particularly tether

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Narwhal Tacos 03/03/2022 - 3:37 Chiều

Super helpful. Leaving comment for the algorithm!

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Abhishek crypto 03/03/2022 - 3:37 Chiều

Ok

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The Science of DeFi 03/03/2022 - 3:37 Chiều

A very rapidly changing world!

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DREAM3Ys SOLUTION 03/03/2022 - 3:37 Chiều

The sincere hospital spatially suggest because pastor formerly learn till a homely nepal. keen, woebegone bookcase

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fred lacroix 03/03/2022 - 3:37 Chiều

going forward to blockchain 3.0 / web 3.0 with altC layer 1 tech

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Timo G 03/03/2022 - 3:37 Chiều

great content

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bluegamefreak 03/03/2022 - 3:37 Chiều

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.

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boefie 03/03/2022 - 3:37 Chiều

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.

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Isaac Tanner-Dempsey 03/03/2022 - 3:37 Chiều

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.

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pae2be 03/03/2022 - 3:37 Chiều

we're so early

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Nick Of Jupiter 03/03/2022 - 3:37 Chiều

Excellent conceptualization of the future of finance

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Akegapak Kongchaiyarak 03/03/2022 - 3:37 Chiều

good Defi history content.

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S 03/03/2022 - 3:37 Chiều

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

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Muhammad Abu-Izzah 03/03/2022 - 3:37 Chiều

Great job!!!

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lu luu 03/03/2022 - 3:37 Chiều

Extremely valuable course with such high quality

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Brittany Hackney 03/03/2022 - 3:37 Chiều

Amazing info!!! Well done!

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Hariharan Iyer 03/03/2022 - 3:37 Chiều

The amount of effort you put into each video is commendable!

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Black Bell 03/03/2022 - 3:37 Chiều

BNB, NANO, DFI.

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a3 03/03/2022 - 3:37 Chiều

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.

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edit files 03/03/2022 - 3:37 Chiều

You are amazing. Thank you for the detailed explanation.

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angadskate28 03/03/2022 - 3:37 Chiều

No BSC?

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INDIAN FOODY SPICY WITH SAMIR 03/03/2022 - 3:37 Chiều

Good information

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Michael Lenny 03/03/2022 - 3:37 Chiều

Great Content. Thank you!

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McDudes 03/03/2022 - 3:37 Chiều

If I got 1 Eether for each word or coin I didn't understand I could buy USA

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pjay19721 03/03/2022 - 3:37 Chiều

Good video, however we can argue that Reggie Middleton is the godfather of Defi via Veritaseum token and exchange

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