Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Zdecentralizowane finanse: Kategoryzacja smart kontraktów
Zdecentralizowane finanse: Kategoryzacja smart kontraktów
11 October 2023
ESMA50-2085271018-3351
ESMA TRV Risk Analysis
Decentralised Finance: A categorisation of smart contracts
Decentralised Finance: A categorisation of smart contracts
Contact: Zeno.Benetti@esma.europa.eu
Summary
First introduced on the Ethereum blockchain in 2015, smart contracts have become the backbone of decentralised finance (DeFi). Smart contracts are computer programmes stored on the blockchain and run when predetermined conditions are met. They are designed to facilitate financial transactions among blockchain users, without the need for trusted intermediaries that characterises traditional finance. Owing to their open-source nature, smart contracts have been claimed to be a major source of financial innovation. Nonetheless, they bring with them enormous technological complexity. Regulators and supervisors need to understand and monitor this complexity to systematically evaluate the risks to investors and financial stability stemming from DeFi. By discerning different...
Pełna treść dostępna po zalogowaniu do LEX