RATE Group | When Will Bitcoin Join the DeFi Revolution?
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When Will Bitcoin Join the DeFi Revolution?

11 Mar When Will Bitcoin Join the DeFi Revolution?

Posted at 02:06h in Bitcoin News by

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As of early February, more than $1 billion U.S. dollars of assets reside in decentralized finance protocols, commonly called DeFi protocols. DeFi protocols and platforms offer crypto holders sophisticated financial tools that were unavailable to them just a year or two prior, but the rapid evolution and speedy adoption of DeFi has left some observers wondering about the ecosystem’s future.

Skeptics and supporters alike want to know when Bitcoin (BTC) — the first and most popular cryptocurrency — will receive adequate DeFi support. Decentralized finance with Bitcoin is on the way, but there are good reasons that it’s relatively late to the market.

Related: Decentralized Finance, Explained

Bitcoin, as any longtime cryptocurrency trader knows, suffers limitations in terms of speed and transaction fees. There’s a long history of people attempting to extend the capabilities of the Bitcoin blockchain, but today, more and more are developing cross-chain solutions that move Bitcoin…

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