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NEOPIN is a leader in the Permissioned DeFi market. If you don&#39;t know what DeFi is and think it&#39;s too complicated, don&#39;t worry, we&#39;re going to publish an article on &#34;Easy DeFi&#34; to make it easier for you to understand and access DeFi. Please subscribe and like this article!Before we explain DeFi, let&#39;s take a look at what blockchain is and how it differs from bitcoin and ethereum.<h2 id="header-0">Table of Contents</h2>· BTC vs ETH· Blockchain Definition· Blockchain Keywords· What is Bitcoin?· What is Ethereum?· BTC vs ETHWhat is a blockchain?· A form of distributed database managed through a peer-to-peer (P2P) network.· It is a technology that stores and maintains a ledger of transaction information on multiple computers connected to a blockchain network, rather than on a single central server.· Also known as distributed ledger technology (DLT).· This means that the ledger data recording transaction information is recorded and managed by participants, rather than by a central server.· What is a block? A bundle of transactions that are collected and managed as a single entity.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdoHMoHQ9CDwqmazjf6wLguOKqomuMAWRX1zEanjA-v4PKUiOaJ5E-wl_q_FwdqgS8mrtTwtjDVPE72XAChI4NHWIg4jzvAqAHo3DpPpy9MLXmNe14bNhDEsCQ7D3S8GcFlzlhh-E0r5Ld-j_KQmviK-5Ms?key&#61;3BF6NP9LrsS4cuj3BVFbfA" />&lt;Crypto.com “<a href="https://crypto.com/university/what-is-blockchain-consensus" rel="noopener noreferrer nofollow">What is Blockchain?</a>”&gt;Blockchain keywords·  Immutable: No entity can modify transaction records·  Transparent: anyone can see and verify the transactions on a blockchain via the Internet·  Decentralized: no single entity can govern the whole networkWhat is Bitcoin?· A combination of &#39;BIT&#39;, the basic unit of information, and &#39;COIN&#39;.· A cryptocurrency that has no physical form and is exchanged in a digital environment rather than physical currency such as banknotes or coins.· A blockchain that focuses on functions as money, such as payment and transaction-related systems.· 1 November 2008, Satoshi Nakamoto publishes a nine-chapter paper entitled &#34;<a href="https://bitcoin.org/bitcoin.pdf" rel="noopener noreferrer nofollow">Bitcoin: A Peer 2 Peer Electronic Cash System</a>&#34;.· 3 January 2009, Bitcoin&#39;s genesis block (the first block created on the blockchain) is created. Satoshi estimates that he has about 1 million bitcoins in his wallet since he started mining.· Limits total issuance to 21 million BTC. Existence of halving, where mining rewards are halved every four years or so. Mining rewards are halved once a certain amount of bitcoin is in circulation, increasing the scarcity of bitcoin.What is Ethereum?·  A decentralized platform that enables the creation of &#39;applications&#39; based on &#39;smart contracts&#39; on a blockchain network → Decentralised Application Platforms (DAPPS) were born.·  2013 Vitalik Buterin published a white paper, &#39;Next Generation Smart Contract &amp; Decentralised Application Platform&#39;.·  Various applications can be created using the smart contract features supported by the Ethereum platform.·  Created applications run on the Ethereum platform as well as on personal computers. The history of application execution is recorded on the Ethereum blockchain.·  Selling ether, the network&#39;s native token, in the form of an initial coin offering (ICO) to fund development.·  Ethereum was launched in 2015, with an initial supply of 72 million ether.BTC VS ETH<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcw6tOiz5E0YsfebD5AfidDiTjK18wL6NfrXBn8DC3OqiJQevQpfreI2YZRMgTF1Epbj74VznGBLD-cKaUtwbt0EC4x6NJextZ03Gao9lv628ey20_bbeBuDTkTJDh0aLfP8D9_jGgpfcEC_I19HcqqTYmi?key&#61;3BF6NP9LrsS4cuj3BVFbfA" />&lt;Bitcoin.com <a href="https://www.bitcoin.com/get-started/difference-between-bitcoin-and-ethereum/" rel="noopener noreferrer nofollow">“What is Blockchain?”</a>&gt;Today we&#39;ve published our first article on Easy DeFi, and now that we understand the concept of blockchain, we&#39;re going to start explaining DeFi in earnest. See you next time!

[NEOPIN Easy DeFi] What is Blockchain?

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