10Conclusion
I trust that you found this comprehensive guide to Digital Assets, DeFi, and DLT as enlightening to read as I found it fulfilling to write. Since I started writing in May 2022, the crypto landscape has changed dramatically. This period saw the downfall of Terra, followed by a similar fate for FTX in November of the same year.
The collapse of Terra and FTX serves as a stark reminder of the importance of adhering to established procedures in traditional finance. They highlight the potential risks involved with algorithmic stablecoins and the potential for mismanagement when assets are pooled without adequate oversight on cryptocurrency exchanges. While these incidents were not strictly related to DeFi, they undeniably had a significant impact on crypto and DeFi's future trajectory.
Although DeFi has experienced its share of security breaches, the core infrastructure has proven itself to be robust, maintaining reliability even amidst significant volatility. However, from a regulatory standpoint, these events have cast a shadow over the future of crypto‐native DeFi.
Money has evolved tremendously over human history – from beads and shells to metal coins to paper bills and now digital currencies. The future of money promises more massive changes as technology continues disrupting how we store, use, and think about value.
Digital currencies like Bitcoin and Ethereum mark just the beginning of decentralized, global money powered by blockchain technology. As more assets ...
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