Overview
Emerging blockchain technologies are revolutionizing various sectors by providing innovative solutions that enhance security, transparency, and efficiency. Key concepts such as smart contracts, decentralized finance (DeFi), and non-fungible tokens (NFTs) are at the forefront of this transformation, ...
Key Terms
Example: Bitcoin uses blockchain to maintain its transaction history.
Example: A smart contract can automatically transfer ownership of a digital asset when conditions are met.
Example: DeFi platforms allow users to lend and borrow without banks.
Example: Digital art sold as NFTs can be owned by one person at a time.
Example: Interoperability allows users to transfer assets between different blockchains.
Example: Cryptography is used to secure transactions on the blockchain.