Post
Topic
Board Bitcoin Discussion
Topic OP
De-Fi on Bitcoin
by
Abiky
on 01/01/2021, 18:31:59 UTC
So many people have been focused on ETH as new "De-Fi" platforms emerge over time. The number of stablecoins available on the ETH blockchain, makes "De-Fi" extremely attractive. It's no secret that most dApps, stablecoins, and tokens are living on Ethereum. But what if Bitcoin gets smart contract capabilities? Then it would be able to outmatch Ethereum in the "De-Fi" space. Luckily, there are a number of "sidechains" and protocols which makes this a reality. One of them is RSK (formerly known as "Rootstock") with its own token pegged to Bitcoin itself (exchangeable at a 1:1 ratio). Unfortunately, RSK is not very popular in the crypto/Blockchain space. As long as this is the case, Ethereum will remain as the leader of "De-Fi".

What are your thoughts? Will "De-Fi" become popular on Bitcoin as ETH's fees rise all the way to the moon? Or will smart contracts on Bitcoin become a "failed experiment"? Your input will be greatly appreciated. Thanks in advance. Smiley