Taking the Blockchain Promise A Step Further – the DeFi Movement
With over $13 billion locked across them, Decentralized Finance or DeFi protocols are eyeing astronomical growth in the years to come. In offering a global, open substitute for every financial service the world uses – savings, loans, trading, insurance, and more – DeFi is poised to take blockchain’s promise of universal accessibility a step further. What makes DeFi an immense success story is the disruption it offers to the present centralized financial domains worldwide, which […]
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A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.”
Economics Professor Doubts Future of Bitcoin, Praises Defi
Eswar Prasad, professor of economics at Cornell University, talked about bitcoin, cryptocurrencies, blockchain technology, decentralized finance (defi), and central bank digital currencies in a recent....
It’s been a rough year for DeFi, and it may not get any better until projects focus more on security, regulation and usability. The persistent challenges faced by decentralized finance have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that something is critically wrong with DeFi.I think DeFi today is completely broken for 99% of the population. The promise of a more transparent financial system has been overtaken by greed. UST/LUNA is just the latest in a string of bad developments:— Peter Yang (@petergyang) May 11, 2022....
In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would […] The post 21M Bitcoin and the....
Every few years since the advent of Bitcoin, the cryptocurrency and blockchain industry sees a groundbreaking innovation that creates new subsections that promise to reach the level of impact and penetration as the asset class is having elsewhere in the greater financial space. Most recently, the explosion of decentralized finance (DeFi) has resulted in a […]
The security of Bitcoin’s network, paired with smart contracts, paves an exciting future for decentralized finance. IOVLabs, with the help of Rootstock technology, will bring Everyday DeFi to a global audience. Onboarding the first billion users is the primary objective. The Promise of Everyday DeFi It sounds very appealing to see more decentralized finance opportunities for everyone. Despite the industry’s popularity, it primarily caters to existing cryptocurrency users and holders, whereas the rest remains a bit left out. That is unfortunate, as over a billion people are....