Manage episode 299142688 series 2867489
As Blockchains continue to mature and Blockchain applications keep getting more and more advanced, they are changing the world as we know it.
In this episode Kenrick is joined by Founder and CEO of SX Network and Layer 2 Blockchain, Andrew Young, to break down some of the most commonly used key terms in the blockchain world, explain the function of Layer 2 Blockchains, opine on the validity of Non-Fungible tokens (or NFTs) as investments and helps us understand the different classifications of crypto token asset classes.
Andrew also walks us through the value proposition and difference between a blockchain token, which represents a piece of a “mini digital economy”, versus a distributed app token that only gives fractional ownership of a single application, and why Decentralized Finance (DeFi) has the potential to disrupt the centralized banking system, art markets and even voting standards.
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