Where does the future of DeFi belong: Ethereum or Bitcoin? Experts answer
Here’s what decentralized finance experts think about either Ethereum or Bitcoin as the future of DeFi. Decentralized finance is one of the most promising and indeed the fastest growing ecosystems within the crypto and blockchain space. Total value locked in DeFi — a measure of the total value of assets committed to the DeFi ecosystem — has been approaching the $40-billion mark this month, which indicates a value increase of around 200 times since February 2019. And 2021 has just started, promising some major developments for the DeFi space. Related: Was 2020 a ‘DeFi year,’ and what is....
Related News
As the decentralized space is growing at lightning speed, projects need to adapt to the multichain future or risk becoming irrelevant. Long stuck in the shadows of Bitcoin (BTC), Ethereum (ETH) finally took hold of the market in 2020 during the decentralized finance summer. Designed to recreate traditional financial systems with fewer middlemen, DeFi is now being used across lending, borrowing, and the buying and selling of tokens. The majority of these decentralized applications (DApps) are run on Ethereum, which saw activity on the network increase during 2020. This activity also trended....
The arrival of interoperable solutions will be an opportunity for a positive shift in the public’s perception of blockchain. Crypto and blockchain enthusiasts take pride in belonging to a community that is working on the future of financial systems. Yet, the community is innately fragmented thanks to multiple blockchains working independently of each other. The dream of mass adoption of blockchain and decentralized finance faces a major hurdle: a lack of interoperability.Meanwhile, decentralized applications (DApps) — the fruits of decentralization — are being held up. DApp developers face....
Multichain solutions will change the blockchain space from an “interesting new technology” to an essential, high-growth industry. The blockchain industry market size was estimated by some to reach more than $21 billion by 2025. The market capitalization of the cryptocurrency market as a whole already reaches over $1.9 trillion. An ecosystem that was once defined by its tight-knit community and exclusivity now reaches governments, businesses, institutional investors and individuals who are all becoming more positive about the evolving space.With this new popularity, a crossroads has....
Ethereum faces heavy competition from up-and-coming blockchains. Cointelegraph Research asks: Which can vie for the top blockchain spot? Ethereum is a decentralized finance giant that has seen significant growth over the past few years, spurred on by events like “DeFi Summer” and the rise of nonfungible tokens (NFTs). Ethereum’s popularity, however, may be leading to its downfall, as other protocols look to eat away at or completely consume its market position. Bitcoin and the birth of Ethereum Bitcoin (BTC) is the mother of all blockchains and was the first modern iteration of what is....
Bitcoin is a hot topic of discussion these days and so is the technology behind it, which is also known as blockchain. While the market experts view both of them with interest, several experts are now focusing solely on the blockchain technology. Considering these developments in mind, several Bitcoin users are now thinking over the future of this digital currency. Jeff Garzik who is the CEO of Dunvegan Space Systems was asked by the IBTimes UK on how the Bitcoin could be adapted in the future. His answer shows that even experts feel that it is too early to build an opinion on this issue.....