Blockchain & Crypto Tech

FIN385 Blockchain Technology and Smart Contract for Finance

Answered

Questions:

1.) what is blockchain? - on this slide you can include what is block chain and what is in each block and how they are linked etc you can include that cube linked diagram

2.) you can show how the records are shared across the blockchain 3. different types of blockchain and applications & how they facilitate transfer of assets via p2p

3.) a bit about cryptocurrency and how they use blockchain and then can talk about the different generation of blockchain like cardano is third generation for example. can say also how cryto is traded over binance and other platorms that we can buy crypto from like coinbase

4.) then what is a distributed ledger technology and application

5.) then a slide on what is a smart contract and example and then application also

6.) a slide on future of smart contracts, crypto and DeFi (Decentralised finance) - if have any interesting news than can put

7.) Please Incude The Places Where You Got The Info From In References Please

8.) Smart contracts” are a critical component of many platforms and applications being built using blockchain or distributed ledger technology.

9.) The code can either be the sole manifestation of the agreement between the parties or might complement a traditional text-based contract and execute certain provisions, such as transferring funds from Party A to Party B.

10.) The code itself is replicated across multiple nodes of a blockchain and, therefore, benefits from the security, permanence and immutability that a blockchain offers.

11.) That replication also means that as each new block is added to the blockchain, the code is, in effect, executed.

12.) If the parties have indicated, by initiating a transaction, that certain parameters have been met, the code will execute the step triggered by those parameters.

13.) If no such transaction has been initiated, the code will not take any steps.

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