Bitcoin Has No Real Use For DeFi In Its Current Form

Bitcoin Has No Real Use For DeFi In Its Current Form


In worldwide surveys on Facebook’s Libra, respondents have indicated overwhelming distrust of the digital currency.

The decentralized finance (DeFi) ecosystem continues to attract billions of dollars from cryptocurrency enthusiasts. Though the term “decentralized finance” could certainly apply directly to Bitcoin in and of itself, the growth of the DeFi industry lately refers to an umbrella of projects, mostly based on Ethereum smart contracts, that support cryptocurrency-based lending, prediction markets or other financial services.



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