Cryptocurrency is a type of digital or virtual currency that uses cryptography to facilitate secure transactions. Unlike traditional currencies, such as dollars or euros, cryptocurrencies are decentralized, meaning they are not controlled by any government or financial institution. Each cryptocurrency has its own unique features and uses, and the value of each cryptocurrency can vary based on market demand. Tread with caution and take the time to understand the risks and possible rewards before diving in head-first.
If you're already comfortable using Coinbase, then you are well on your way to further explore the exciting world of crypto and Web3. You can continue to expand your knowledge of basic security best practices, how to buy your first on-chain cryptocurrency, NFTs and more. Your journey of discovery will only expand from here.
Decentralized finance refers to a broad category of financial services that are built on top of decentralized blockchain networks, such as Ethereum. These services can include things like borrowing and lending, trading, and even insurance, all without the need for traditional financial intermediaries like banks. If you're interested in exploring DeFi, click through to find things you could do next.
If you've already had some experience with decentralized finance (DeFi), there are many different directions you could take to continue exploring and building in this space. There are plenty of exciting opportunities to explore in the DeFi space, whether you're a developer, entrepreneur, investor, or enthusiast.
As a DeFi degen, someone who is highly involved and experienced in the decentralized finance space, there are several areas you might find interesting and challenging to explore including Flash Loans, Arbitrage, LPing and more advanced Yield Farming.