Seoyoung Kim

Cryptocurrency tokens are virtual currency representing fungible (non-unique) and tradable assets and utilities that reside on their own blockchains.There are two main categories of tokens: native and non-native. Native tokens Native tokens share the common characteristic of serving as the base token or inherent currency of their own proprietary blockchains.

To meaningfully navigate the world of decentralized finance (DeFi), you first need to set up a Web3 wallet that can submit transactions and access smart contracts on a public blockchain. Because so much of the DeFi ecosystem has been built on Ethereum, this article shows you how to get started with MetaMask, an application that connects you to the Ethereum blockchain.

The decentralized finance (DeFi) sector is an alternative to traditional financial services with applications in cryptocurrency or blockchain technology. ©André François McKenzie / Adobe StockThe modern DeFi era truly began with Bitcoin, the first widespread implementation of a decentralized method of record-keeping that is permissionless yet reliable and secure.

The nascent world of modern decentralized finance (DeFi) has grown rapidly since the advent of Bitcoin in 2009. Read on for helpful tips on how to navigate this exciting new realm.What you need to get started with DeFiWhether you simply want to dabble around DeFi protocols or plan to code and deploy a customized smart contract (or even full-blown dApp) of your own, you’ll need two key items: The MetaMask browser extension, which you can download from its website Ether (ETH), which you can obtain from popular crypto exchanges, such as Coinbase, or some test ETH for the test network of your choice, which you can obtain from a test faucet.