dido:public:ra:xapend:xapend.a_glossary:s:settlement_layer
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dido:public:ra:xapend:xapend.a_glossary:s:settlement_layer [2021/07/30 13:14] murphy |
dido:public:ra:xapend:xapend.a_glossary:s:settlement_layer [2021/10/04 13:40] (current) 50.19.247.197 ↷ Links adapted because of a move operation |
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| - | ===== Settlement_layer ===== | + | ===== Settlement Layer ===== |
| - | [[dido:public:ra:xapend:xapend.a_glossary| Return to Glossary ]] | + | [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] |
| - | The **Settlement Layer**, in [[dido:public:ra:1.2_views:2_tech_views:defilayers | Decentralized Finance (DeFi)]], is also referred to as **Layer 0** because it is the base layer upon which other DeFi transactions are built. It consists of a public [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] and its native digital currency or [[dido:public:ra:xapend:xapend.a_glossary:c:cryptocurrency|cryptocurrency]]. Transactions occurring on DeFi apps are settled using this currency, which may or may not be traded in public markets. One example of the settlement layer is Ethereum and its native token ether (ETH), which is traded at crypto exchanges. The settlement layer can also have tokenized versions of assets, such as the U.S. dollar, or tokens that are digital representations of real-world assets. For example, a real estate token might represent ownership of a parcel of land.(( | + | The **Settlement Layer**, in [[dido:public:ra:1.2_views:2_tech_views:defilayers| Decentralized Finance (DeFi)]], is also referred to as **Layer 0** because it is the base layer upon which other DeFi transactions are built. It consists of a public [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] and its native digital currency or [[dido:public:ra:xapend:xapend.a_glossary:c:cryptocurrency|cryptocurrency]]. Transactions occurring on DeFi apps are settled using this currency, which may or may not be traded in public markets. One example of the settlement layer is [[dido:public:ra:xapend:xapend.a_glossary:e:ethereum|Ethereum]] and its native token [[dido:public:ra:xapend:xapend.a_glossary:e:ether|ether (ETH)]], which is traded at crypto exchanges. The settlement layer can also have tokenized versions of assets, such as the U.S. dollar, or [[dido:public:ra:xapend:xapend.a_glossary:t:tokens|tokens]] that are digital representations of real-world assets. For example, a real estate token might represent ownership of a parcel of land.(( |
| Rakesh Sharma, | Rakesh Sharma, | ||
| Investopedia, | Investopedia, | ||
dido/public/ra/xapend/xapend.a_glossary/s/settlement_layer.1627665285.txt.gz · Last modified: 2021/07/30 13:14 by murphy
