Understanding Ethereum (Part II/II): Tokens, DeFi, and the Future of the Financial System

Article by Saskia Maini and Jan Mooren

While Bitcoin is being talked about as digital gold, a much deeper decentralized ecosystem is growing in the background: Ethereum. This platform acts as the operating system of a new financial world, in which money, assets, contracts, and even entire business models are digitally mapped, traded, and automated. Following our technical introduction in the last article, the second part focuses on the specific applications and their significance for the financial system.