Joe Sammartino
1 min readFeb 21, 2021

Crypto currency & decentralized finance. What is it and how does it work? I don’t fully understand it myself but I’ve been looking into it. I’ve been obsessed with the ideas how the future could look under these new protocols. So I thought I’d give a laymen opinion on this space. Specially, Ethereum because I am absolutely fascinated with the idea & potential functionality of this technology. Ethereum is a platform that allows applications to function on them. Think of Ethereum as the internet and an app on your phone being a website on the internet. All these apps would function within the ecosystem of Ethereum. Ethereum by design is a decentralized environment creating pathways to revolutionize financial markets like never before. How it’s managing to do such a thing. Is with smart contracts. These smart contracts can be created in such a way that is very specific monetarily to the consumers. From being able to have access to such personalized business peer to peer. That seemingly has potential to cut out a lot of traditional financial burdens to business dealings. That is, of course, if society adopts this way of life & the technology proves to be suffice.

Joe Sammartino
Joe Sammartino

Written by Joe Sammartino

Degree holder of psychology and philosophy. World traveler. A creative of ideas just not physically creative.

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