DeFi

Decentralized Finance Is About to Transform Bitcoin

Published

7 months ago

on

Although Bitcoin is the original cryptocurrency and corresponding blockchain, its functionality has been extremely limited so far compared to the smart contracts and decentralized finance (DeFi) features offered by Ethereum, Solana, and other blockchains. However, this dynamic is about to change with the emergence of Bitcoin layers, meta-protocols, sidechains, Layer 2s, and other technologies currently being built on the Bitcoin blockchain. These layers will enable faster payments, as well as lending, enhanced fungible and non-fungible token functionality, decentralized exchanges, GameFi, SocialFi and many other use cases. Bitcoin holders will soon be able to increase the productivity of their asset via a protocol-based decentralized financial system. The main differentiator between DeFi on Bitcoin and DeFi on other chains is the underlying asset (native token). While Ethereum, Solana, and next-gen blockchains compete on the merits of their respective technologies, DeFi on Bitcoin focuses solely on increasing the productivity of bitcoin, putting the Bitcoin DeFi ecosystem in a league of its own.

Fuente

Related Topics:

Leave a Reply

Your email address will not be published. Required fields are marked *

Información básica sobre protección de datos Ver más

  • Responsable: Miguel Mamador.
  • Finalidad:  Moderar los comentarios.
  • Legitimación:  Por consentimiento del interesado.
  • Destinatarios y encargados de tratamiento:  No se ceden o comunican datos a terceros para prestar este servicio. El Titular ha contratado los servicios de alojamiento web a Banahosting que actúa como encargado de tratamiento.
  • Derechos: Acceder, rectificar y suprimir los datos.
  • Información Adicional: Puede consultar la información detallada en la Política de Privacidad.

Trending

Exit mobile version