DeFi and Blockchain: Free and open technologies beyond Linux
A few days ago, we talked about the cool website called "Linux Command Library". Which was ideal for learning about the most basic and essential GNU/Linux commands. And about it, we mentioned that it groups all this knowledge into 22 categories, one of them being called Cryptocurrencies. A well-known term associated with the IT field of Technologies. DeFi and Blockchain.
For this reason, today, we have decided to a first and small post of a long series in time, where we can address and explain concepts and terminologies, applications and systems, and news related to said IT field. which places great emphasis on the use of free and open technologies.
Linux Command Library: To learn GNU/Linux commands
But, before starting this post on the IT field related to technologies DeFi and Blockchain, we recommend that you then explore the previous related post:
DeFi and Blockchain: Decentralized Finance and Blockchains
What are DeFi Technologies and Blockchain Technologies?
About DeFi
In a simple and short way, we can describe the DeFi technologies (From the English "Decentralized Finance", which in Spanish means "Decentralized Finance") as those that encompass the use of a broad category of DApps (Decentralized Applications). And whose fundamental objective is to provide financial services backed by a platform Blockchain, without intermediaries, so that anyone with an Internet connection can participate.
However, we can also describe DeFi as a movement that promotes the use of decentralized networks and open source software to create multiple types of financial services and products. That is to say, generating monetary banking services, providing lending and borrowing platforms between peers or jointly, and enabling advanced financial instruments.
About Blockchain
On the other hand, we can comment in a timely manner on the Blockchain technology that these refer to all those technologies that involve the sequencing of blocks that store information within a network. And that also must and are verified by the users of the same from its creation to the end. Noting that where each block exists a hash pointer to the predecessor block, thus generating an interconnected network.
However, Blockchain can also be understood as a kind of articulation of technologies structured in a naturally encrypted system, which provides a secure and reliable means for users, their identities, data and transactions, without the need for intermediaries, over the Internet.
Which, without a doubt, makes both technologies a modern open financial ecosystem on a magnificent technological means, safe and transparent, which guarantees that everything done on both is valid, validated and unalterable (immutability).
Summary
In short, we hope that this first publication in the IT field related to technologies DeFi and Blockchain It allows many to start learning about them. Since, these are not only limited to the use of online cryptocurrency platforms, but to the development of endless multiplatform applications. Many of which are available for GNU/Linux, and very surely we will address it in future posts. Along with an extensive list of basic and essential concepts and terminologies that must be mastered.
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