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Modern way of exchange. Bitcoin is convenient payment in global economy market. Virtual digital currency and financial investment trade concept. Abstract cryptocurrency with gold bitcoin background..

The futurist finance world of flash loans and hypernodes

In the cryptocurrency world, you could float a loan for ten seconds and make good money — but you and your computer must be very fast indeed

In the first part of Episode 4, “What Is Decentralized Finance?” (September 1, 2022), computer engineer Adam Goad discussed with Walter Bradley Center director (and computer engineering prof) Robert J. Marks how blockchain would decentralize finance by establishing trust and security without government regulations. Now they look at how some of the remarkable new financial instruments work. https://mindmatters.ai/wp-content/uploads/sites/2/2022/08/Mind-Matters-202-Adam-Goad-Austin-Egbert.mp3 A partial transcript, notes, and Additional Resources follow. Robert J. Marks: Before we started this recording, you mentioned something which blew my mind — flash loans. Adam Goad: A flash loan is a loan that you take out for a very short amount of time, usually a few seconds. But it can be for a very large amounts, like millions of dollars.…

Cryptography Concept, Cryptographic Hash Algorithm SHA-2

As Money Slowly Transitions From Matter to Information…

Let’s look at a brief history of cryptocurrencies — which is not quite what we might think

At Expensivity, Bernard Fickser, who has explained how to sell non-fungible tokens (NFTs) now offers “The Truth About Cryptocurrencies: A Clearheaded Guide to the Crypto World.” (January 15, 2022) For your convenience, we are serializing his work, which can be read in whole here. Here’s Part 3: 3 A Concise History of Cryptocurrencies The use of cryptography to make digital financial payments has been around for decades, but that by itself does not make a cryptocurrency. A cryptocurrency is not just an electronic or digital form of money, even if the two are often confused and even though they all use cryptography to secure transactions. For something to be a full-fledged cryptocurrency, it must satisfy the following four conditions. Spoiler alert:…