Virtual Currency Communications | Applying Cryptocurrency to Society — About Decentralized Finance (DeFi) [Oohira]
Mr. Ohira's Profile
Trading history in FX since 2009 and cryptocurrency history since 2015. Utilizing experience in cryptocurrency investments and past experiences, I am delivering cryptocurrency information on major newsletter sites and investment sites. I participate in numerous personal investor networks and disseminate knowledge gained from many investors. Since 2016, I have been operating a cryptocurrency investment information site where beginners can learn.
Blog:The future potential of cryptocurrencies—investment methods for beginners to earn profits
*This article is a reprint/edit of an article from FXhunting.com September 2020 issue. Please note that the market information written in the main text may differ from the current market conditions.
How will the latest cryptographic technologies change the world?
Cryptocurrencies generally known include Bitcoin and Ethereum, and many people hold them as assets with price fluctuations.
However, there are aspects attracting attention beyond being financial assets. Since cryptocurrencies themselves are created using cryptographic technology based on blockchain, they have characteristics such as transparent transaction histories, low fees, no administrator, and participants operating the system.
Although the term "virtual" is used, it is not appropriate; the correct term is said to be "cryptography" (in Japan they are commonly called virtual currencies, but overseas they are referred to as cryptocurrencies or crypto assets).
This time, I would like to explain the necessity of these mechanisms in society using decentralized finance (DeFi) as an example.
