Smart contracts are agreements directly written into code. They automatically execute and enforce terms without intermediaries. Solidity, the language used, creates these contracts.
Token swap is trading where parties exchange assets, usually cryptocurrencies. Crypto brokers facilitate buying and selling of cryptocurrencies.
DeFi protocols and applications connect effortlessly, enhancing user experience and maximizing usability.
Recommended readings include books like 'Blockchain Basics: A Non-Technical Introduction in 25 Steps' and 'Mastering Blockchain' for deepening understanding.
DeFi offers services like Decentralized Exchanges (DEX) enabling direct cryptocurrency trades without centralized exchanges. Popular DEXs include Uniswap and SushiSwap.
Updated on: 2024-08-27 17:43:49