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Blockchain is a transformative digital value management tool that operates without the need for a trusted intermediary, such as a custodian, to authorize asset usage and transfers. It enables seamless peer-to-peer value transfers, facilitates borderless transactions, and automates processes, effectively becoming the internet of value. This segment will explain how blockchain operates and draw a contrast with the traditional world of finance.
Skills to identify the key differences between traditional finance and decentralized finance ecosystems.
Knowledge of the overarching philosophy and benefits of decentralized systems.
An understanding of the mechanism of blockchain code execution, smart contracts, and the role of cryptocurrency.
Skills to identify different types of blockchain tokens in relation to their origins, features, and purposes.
The ability to determine the key differences between fungible and non-fungible tokens and their functions.