The Federal Reserve Financial institution of Atlanta sparked the curiosity of the crypto neighborhood with a current publish in its Coverage Hub collection on the implications of Web3 for monetary providers. The 17-page article by Christine Parlor, professor on the College of California, Berkeley Haas Faculty of Enterprise, is meant as a primary textual content and is distinguished by its completeness.
The paper start with a dialogue of blockchains, explaining that “information is sorted and saved in particular places referred to as ‘wallets’ or ‘addresses'”. After offering the required info, Parlor takes a take a look at decentralized finance (DeFi) and monetary infrastructure.
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