RATE Group | Will 2020 Be The Year The Decentralized Finance Overcomes Ethereum Challenges And Embrac…
77621
wp-singular,post-template-default,single,single-post,postid-77621,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Will 2020 Be The Year The Decentralized Finance Overcomes Ethereum Challenges And Embrac…

30 Jan Will 2020 Be The Year The Decentralized Finance Overcomes Ethereum Challenges And Embrac…

Posted at 14:56h in Ethereum News by

[ad_1]

Within the cryptocurrency space, the rise of decentralized finance was one of the defining stories of 2019. For the benefit of the uninitiated, decentralized finance, or DeFi, is a broad term used to categorize financial services that operate using blockchain-based applications. The vast majority of DeFi applications are based on the Ethereum blockchain, but in principle, the term can be applied to financial applications on any blockchain. 

To say that DeFi is growing fast would be an understatement. The term itself only started to become popular among cryptocurrency enthusiasts somewhere around the middle of 2018. By the middle of 2019, more than half a billion dollars were tied up in DeFi. As things stand, that sum has now risen to over $800 million. The next milestone of one billion dollars can only be a matter of a few months away. 


Source: DeFi Pulse

So how has this phenomenon come to settle on Ethereum as its platform of choice when Bitcoin is by far a more…

[ad_2]

Source link