1H
0.98%$0.0000
24H
-11.2%$0.0001
7D
-26.2%$0.0004
30D
-15.8%$0.0002
DeFiChain (DFI) is a blockchain platform built with the mission of maximizing the full potential of DeFi within the Bitcoin (BTC) ecosystem. The software platform is supported by a distributed network of computers and is designed to facilitate fast and transparent transactions. The development team positions DeFiChain as an innovative blockchain project and offers solutions to problems like scalability, security and decentralization.
The project was launched in the fall of 2019 with the aim of offering financial services that commercial banks typically provide (borrowing, lending, investing, keeping funds). Yet there is a key difference between DeFiChain and a banking network: DeFiChain is a decentralized platform. This provides a number of advantages: authorities and entities cannot control the network and anyone has the right to participate in the launch of the network protocol. All actions support the entire network and participants in the process receive DFI tokens.
The DeFiChain platform ensures fast, transparent and decentralized financial services. The project is built on Bitcoin as a software fork and is tied to the Bitcoin blockchain using a Merkle root every few blocks. DeFiChain transactions are non-Turing complete, which makes them fast and smooth, with low gas costs and a reduced risk of smart contract errors.
DeFiChain’s initial functions and products include: lending, token wrapping, pricing oracles, exchanges, asset tokenization, distribution of dividends, and more.
If you’re looking for a way to improve the security of your data, you may have heard of Prism Protocol. But what is Prism Protocol, and how can it help you? This guide will explain everything you need to know about Prism Protocol, including what it is, how it works, and why it’s so important.
According to our analysis, projects like Bitcoin Hyper, Snorter Bot, and SUI are emerging as the best proof-of-stake coins due to their unique staking models, utility, and aggressive APYs.