Blockchain technology has revolutionized the world of finance and has paved the way for numerous innovations in the crypto currency space. Here are some of the key advancements that have shaped the landscape:
- Smart Contracts: These self-executing contracts with the terms directly written into code, have automated many processes in the crypto currency world.
- Decentralized Finance (DeFi): DeFi leverages blockchain technology to create financial services that are open and accessible to everyone.
- NFTs (Non-Fungible Tokens): These unique digital assets have gained popularity in the art and collectibles market.
Blockchain Diagram
For more information on blockchain innovations, check out our Blockchain Basics guide.