How Bitcoin is Shaping the Future of Decentralized Finance (BTCFi)
Bitcoin is evolving from a simple digital currency into a key player in decentralized finance (DeFi). This article explores the emergence of Bitcoin DeFi (BTCFi), examining its technological innovations, major projects, and comparative growth against Ethereum-based DeFi. We look at how Bitcoin's technology is being adapted to support complex financial services through new protocols and systems, including Rootstock, Core, and Merlin Chain. Key BTCFi projects like Pell Network, Avalon Finance, and Sovryn are shaping the future of Bitcoin in DeFi, while the comparison with Ethereum highlights both progress and challenges. The article also discusses the potential and obstacles facing Bitcoin DeFi and its promising future in transforming the financial landscape.
2024-09-17Read