The future of DeFi is Bitcoin, and developers can’t afford to miss it | Opinion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 07 2024Bitcoin's Evolving Role in DeFi: Bitcoin, traditionally seen as 'digital gold', is now emerging as a significant player in the decentralized finance (DeFi) space due to advancements like the Lightning Network and Taproot, which enhance its transaction speed, security, and scalability.
Institutional Interest and Future Potential: With growing institutional interest and a total value locked of around $1.2 billion in Bitcoin DeFi, the cryptocurrency is poised for substantial growth, indicating that it can effectively compete with Ethereum and lead the DeFi ecosystem.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
