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“Decentralized Finance and its role”
“Bitcoin is solid than compared to fiat money”-Elon Musk Decentralization means for a particular task or a process there is no central authority or a person who is managing the process but the participants look out whether the process is going as intended or not. For understanding the need of Decentralized Finance (referred as DeFi),…
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Types of Blockchain
Mainly Blockchain is classified in 3 types: – (1) Public(2) Private(3) Consortium (1) PublicPublic Blockchains have ledger visible to everyone on the internet and anyone can verify and add a block of transactions to block chain.(2) PrivatePrivate blockchains allow only specific people in the organisation to verify and add transaction blocks but everyone on the internet are…