EP 32: ELI5 15 DeFi and Crypto Terms || Human Glossary

As much as I want to say DeFi and crypto is easy to enter, it is not  easy to fully grasp and understand it.  First you need to understand  technology. Then to understand math, finance and economics.    This podcast is to help you bridge the learning gaps. A subscriber (shout out to Magnus) mentioned that a general ELI5 episode would be good  to run through the few common terms.     Here, I've picked up 15 terms that are commonly used. Instead of giving  you the "just google what it means" term, this is an ELI5 explanation  with human explanation. That's the best way to learn, in my experience.     15 terms we run through and explain:     *General Classification*  1) Layer 1 2) Layer 2 3) Dapp     *DeFi General Terms*   4) DeFi 5) Money Lego 6) Compostability    *Scalability Problem + Solution*  7) Scalability 8) Sidechain  9) Roll-ups    *More Technical Elaboration*   10) ZK roll-up  11) Optimistic roll-up 12) ZK-SNARKS    *Other Terms*  13) Quadratic Funding 14) Flash loans 15) Front Running My textbook for economics and math of defi and token engineering it now out for preorder! Get it at https://book.economicsdesign.com/home/