dido:public:ra:xapend:xapend.a_glossary:s:settlement_layer
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dido:public:ra:xapend:xapend.a_glossary:s:settlement_layer [2021/08/18 10:14] 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 [[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.(( | 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.(( | ||
dido/public/ra/xapend/xapend.a_glossary/s/settlement_layer.1629296040.txt.gz · Last modified: 2021/08/18 10:14 by murphy
