2x F2F Class Notes (Tibo)
Today we focused on:
blockchain
Next Class Focus
bring the reference letter
more about defi
Today we focused on:
crypto NFT : look into opensea / rarible / crypto kitties
UTXO (bitcoin model)
interoperability though pegged tokens (Wbtc / RENbtc) (BTC – ETH) (you can also check Binance Smart Chain (BSC)
Interoperable blockchains : Polkadot / Cosmos…
gas price on ethereum : https://ethgasstation.info
block explorer ethererum : https://etherscan.io
defi : decentralized finance, check https://defipulse.com
Vocabulary
arbitrage (n) buying and selling on different markets to gain with small price differences
There is an arbitrage opportunity because it is sold at $5 here but you can buy it at $4.95 there
arbitrageur (n) someone doing an arbitrage
Arbitrageurs can use AAVE and flash loans to boost their gains
stable coin : coin trying to keep a stable value with fiat currency
USDT / USDC /DAI / VAI are stable coins that try to be equal to 1 dollar.
anonymous (n): unknown
The creator of bitcoin is anonymous
blockchain explorer : portal to check data on the blockchain
Etherscan is the blockchain explorer for ethereum
fungible (adj): replaceable
money is fungible no matter which note you have what matters is their face value is the same
non fungible (adj) : not replaceable
Art is non fungible on the original has value
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