The “stablecoin” Dai is a bitcoin-like digital token that aims to be a global currency untouchable by central banks.
Most of the DeFi cryptocurrencies have a great score on Token Metrics too, which is even more the reason to take them seriously… as if their market performance wasn’t enough for that already. These are great contenders for an investor’s portfolio, so pay attention to them. While privacy coins were a big trend in 2018 and throughout 2019, we are seeing a shift toward DeFi coins in 2020 that will certainly carry on in the following years too. Many of the new cryptocurrencies that emerged in the last three years are even dominating the space and 2020 is seeing these performing much better than older, more established cryptocurrencies. While Bitcoin is in fact the original DeFi – the first and most decentralised version of financial instrument, there are now a plethora of altcoins that focus on bringing more innovation in this space. As quoted by Forbes: “it’s the notion that crypto entrepreneurs can recreate traditional financial instruments in a decentralized architecture, outside of companies’ and governments’ control. You will see this term popping up a lot in news articles, market analysis and pretty much everywhere these days – DeFi stands for Decentralised Finance. In simple words, DeFi is the ultimate goal of blockchain in the first place: to enable transacting without the control or ownership by a single entity or company, but governed by a large network of participants who monitor and approve transactions in a decentralized system. 2020 is the year when DeFi became cemented in the cryptocurrency space as the ultimate go to term when discussing the advances of blockchain technology.
0 kommentar(er)
