Capital Markets generate wealth, for both consumers and suppliers. Large corporations are able to use Capital Markets to finance challenging projects and hedge complex risks.
Click the 'play' button to learn about Ethereum, the heart of web3 & DeFi
Financing and risk management make many products and services successful that would otherwise fail. But provision of these services is expensive. The provision of these services requires legal, compliance, risk, marketing, sales and trading personnel. All these services are legitimate. No-one would suggest eliminating them. But they are expensive.
The consequence is that they can only be provided at scale. This results in large commercial and investment banks that can only profitably offer these services to the largest corporations. If these services can be made simpler and offered cheaper then the addressable market for financial services increases dramatically.
Enter Ethereum.
Ethereum supports the development of simpler and more affordable financial services to address untapped markets.
How does Ethereum do this?
Think of Ethereum as a global computer network with no central authority. Loosely coupled components are deployed on this computer. These components can be assembled to to provide advanced capital markets products & services.
This video introduces Ethereum and compares it to other cryptocurrencies, specifically Bitcoin. For a primer on cryptocurrencies generally and Bitcoin specifically, please see Lucidate's intro to Cryptocurrencies course at: https://www.lucidate.co.uk/forum/decentralised-finance
