Atlanta Fed explains Web3 finance, together with XRP ‘worldwide fee medium’

The Federal Reserve Financial institution of Atlanta has piqued the curiosity of the crypto group with a current publication in its Coverage Hub sequence on the implications of Web3 for monetary providers. The 17-page paper by Christine Parlour, a professor on the College of California, Berkeley Haas College of Enterprise, is meant as a fundamental textual content and is noteworthy for its completeness.

The paper begins with a dialogue of blockchains, explaining that “information are sorted and saved in particular places known as ‘wallets’ or ‘addresses.’” After offering the required background, Parlour appears at decentralized finance (DeFi) and monetary infrastructure.

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