In essence, ISO 20022 is a new universal and standardized language for payment messages and financial data.
Think of it as the replacement for "basic financial English" that was used before (like the MT standard, used by SWIFT) with a "complete and rich financial English" that everyone understands in the same way.
Key features:
¡ Global Standard: It is an international standard developed by the International Organization for Standardization (ISO). ¡ Common Language: It defines a common vocabulary and grammar so that financial systems from different banks and countries can communicate without ambiguity. ¡ Rich in Data: Unlike older formats, which were limited (like 140-character messages), ISO 20022 allows for much more structured and detailed information in each transaction. It uses XML, a flexible and readable format for both humans and machines.
Over-leverage occurs when you use an excessively high level of debt (leverage) in relation to your capital, disproportionately increasing the risk of loss.
Mechanics of leverage in crypto
¡ Common multipliers: 2x, 5x, 10x, 20x, up to 100x on some platforms ¡ Collateral: Own funds that secure the position ¡ Margin: Amount required to open a leveraged position
Main risks of over-leverage
1. Forced liquidation
¡ Positions are automatically closed when the price moves against you ¡ The higher the leverage, the smaller the price movement needed for liquidation
2. Total loss of capital
¡ You can lose more than your initial investment ¡ In some cases, losses exceeding the collateral (bankruptcy liquidation)
3. Extreme volatility
¡ Cryptocurrencies are inherently volatile (¹10-20% daily common) ¡ Leverage amplifies this volatility
Aptos is a Layer 1 blockchain designed to be extremely scalable, secure, and accessible. Its main goal is to become a platform for decentralized applications (dApps) for mass use, solving the scalability and usability problems that have plagued previous blockchains like Ethereum.
Origin and Key History
¡ Developer: Aptos Labs. ¡ Origin: Its founders, Mo Shaikh and Avery Ching, are former employees of Meta (Facebook) who worked on the Diem blockchain project (previously Libra). When Meta abandoned the project, this team decided to leverage the technology and research to create Aptos. ¡ Programming language: Move, a secure language based on Rust, originally developed for Diem. This is one of its fundamental pillars. #Aptosďťż #APTđĽ
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