DIAMOND ADS BY - 1XBIT.COM DIAMOND ADS BY - 1XBIT.COM DIAMOND ADS BY - 1XBIT.COM
ADVERTISEMENT
  • About Us
  • Advertisement
  • Buy Banner
  • Submit Press Release
  • Submit An Article
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Sitemap
  • Contact Us
  • HOME
  • CRYPTO
    • ICO
      • High Risk Ico Review Category
      • New ICO Review Listing
      • Scam ICO Review Categories
      • Silver ICO Review Listing Platform
      • Diamond ICO Review
      • Gold Ico Review Category
    • Coins
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining + Cloud Mining Review Platform
    • BOTS
    • Buy Bitcoin
    • Crypto Faucets
  • Guide
  • Airdrops
    • Featured Airdrops
  • Exchange
    • Centralized Exchange
    • Decentralized Exchange
    • Closed Exchange
  • DEFI
  • NEWS
    • Press Releases
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • Casinos
    • Certified Casinos
    • Bitcoin Casino
    • Blacklisted Casinos
  • Forex
  • Mega Menu
    • Menu 1
      • Ad Posting Jobs
      • Copy Paste Jobs
      • Currency Exchanger
      • Data Entry Jobs
      • Gpt Sites
    • Menu 1
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
      • Payment Platform
    • Menu 2
      • Uncategorized
      • Reward Platform
      • Tools
      • Trading
      • Wallets
      • Web Hosting
    • Menu 3
      • Gpt Sites
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
  • Affiliate
    • CBD Affiliate Program
    • Crypto Affiliate Program
    • Domains Affiliate Program
    • Email Affiliate Program
    • Fashion Affiliate Program
    • Finance Affiliate Program
    • Market Place Affiliate Program
    • Social Media Affiliate Program
    • Tools Affiliate Program
    • Travel Affiliate Program
    • VPN Affiliate Program
    • Web Hosting Affiliate Program
    • Affiliate Marketing
    • AFFILIATE NETWORKS
  • NFT
No Result
View All Result
Coinworldstory
Advertisement
Coinworldstory
  • HOME
  • CRYPTO
    • ICO
      • High Risk Ico Review Category
      • New ICO Review Listing
      • Scam ICO Review Categories
      • Silver ICO Review Listing Platform
      • Diamond ICO Review
      • Gold Ico Review Category
    • Coins
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining + Cloud Mining Review Platform
    • BOTS
    • Buy Bitcoin
    • Crypto Faucets
  • Guide
  • Airdrops
    • Featured Airdrops
  • Exchange
    • Centralized Exchange
    • Decentralized Exchange
    • Closed Exchange
  • DEFI
  • NEWS
    • Press Releases
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • Casinos
    • Certified Casinos
    • Bitcoin Casino
    • Blacklisted Casinos
  • Forex
  • Mega Menu
    • Menu 1
      • Ad Posting Jobs
      • Copy Paste Jobs
      • Currency Exchanger
      • Data Entry Jobs
      • Gpt Sites
    • Menu 1
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
      • Payment Platform
    • Menu 2
      • Uncategorized
      • Reward Platform
      • Tools
      • Trading
      • Wallets
      • Web Hosting
    • Menu 3
      • Gpt Sites
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
  • Affiliate
    • CBD Affiliate Program
    • Crypto Affiliate Program
    • Domains Affiliate Program
    • Email Affiliate Program
    • Fashion Affiliate Program
    • Finance Affiliate Program
    • Market Place Affiliate Program
    • Social Media Affiliate Program
    • Tools Affiliate Program
    • Travel Affiliate Program
    • VPN Affiliate Program
    • Web Hosting Affiliate Program
    • Affiliate Marketing
    • AFFILIATE NETWORKS
  • NFT
No Result
View All Result
Coinworldstory
No Result
View All Result
Home DEFI

DeFiChain Defi Coins Review – A Detailed Review About DeFiChain

Verna by Verna
September 19, 2021
in DEFI
Reading Time: 8 mins read
A A
0
DeFiChain Defi Coins Review - A Detailed Review About DeFiChain
Share on FacebookShare on TwitterShare On RedditShare On Telegram Share On LinkedinQr Code Of PostShare On WhatsAppEmail This Article

About DeFiChain

The DeFiChain Foundation is developing DeFiChain, a blockchain specifically dedicated to decentralized financial applications. By focusing on the functionality of the blockchain and dedicating it specifically to decentralized finance, DeFiChain provides unparalleled high transaction throughput, reduced risk of errors, and intelligent feature development specifically for the fulfillment of financial services on the blockchain.

eFi Blockchain is a decentralized blockchain platform specifically dedicated to enable fast, intelligent, and transparent decentralized financial services, accessible by everyone, everywhere. Running on a proof-of-stake consensus mechanism, it features proven security and immutability by anchoring its most recent Merkle root to the Bitcoin blockchain every few minutes. The platform also features unparalleled high transaction throughput for all transactions, and reliable decentralized governance, on and off-chain.

Quick Fact About DeFiChain

Coin Basic Information
DEFI Coin Name DeFiChain
Circulating Supply300,511,840.00 DFI
Max Supply1,200,000,000
Contract Address N/A
Source CodeClick Here To View Source Code
ExplorersClick Here To Visit
Twitter Group Click Here To Visit Twitter Group
DocumentationClick Here To View
Official Project Website Click Here To Visit Project Website

Native Decentralized Finance for Bitcoin.

A blockchain dedicated to fast, intelligent and transparent decentralized financial services, accessible by everyone.

The Post-Fintech Revolution

From trust-based to trust-less, decentralized finance overcomes what Fintech could not solve in traditional finance.

Benefits of DeFiChain.

Variety

DeFiChain Wide range of crypto-economic financial operations.

Throughput

Unparalleled high transaction throughput for all transactions.

Security

Turing-incomplete for reduced attack vectors.

Development

Rapidly create a variety of DeFi apps on one chain.

Governance

Reliable decentralized governance, on and off-chain.

Immutability

Immutable by anchoring to the Bitcoin blockchain.

Designed and engineered for decentralized finance dApps

Lending

Borrow and lend through collateralized systems.

Wrapping of tokens

DeFiChain Work with a variety of cryptoassets, directly, on-chain.

Pricing oracles

Collect data from other chains and non-crypto markets.

Exchanges

Direct peer-to-peer trading between cryptocurrencies.

Transferable debts and receivables

DeFiChain Work with transparency not possible with institutions.

Non-collateralized debt

Loans based on reputation and verifiable credentials.

Asset tokenization

Tokenize equity, real estate, and other holdings.

Distribution of dividends

Automatic investment payouts with smart contracts.

Built-on-Bitcoin

DeFiChain marries the best of Proof-of-Stake, with the security and immutability of Bitcoin.

Decentralized and distributed

DeFiChain nodes are distributed globally across datacenters in the US, Canada, Europe, India, Singapore and Australia.

The Problem

Today, almost all financial services are run by banks. Investments, for example, by definition, is the use of capital to earn more capital. Investors use a bank to put their money into interest or dividend-making instruments in order to grow their wealth. The problems with financial services are increasingly becoming obvious to everyone: compounded costs due to middle(wo)men, slow transactions, delays for cross-border transactions, and inaccessibility to many sectors of the population. A myriad of fintech solutions have been brought in to improve the system, but fundamentally the underlying banking system is still in control, so fintech has brought only limited improvements.

Cryptocurrency and Decentralized Finance (DeFi) offer a way to start with a new system, circumventing the difficulties faced in changing the finance industry. While crypto has attracted billions in investments, decentralized financial services are lagging. When it comes to investment in cryptocurrency, crypto investors can buy and sell, but that’s it. The cryptocurrency itself cannot be invested in the same way fiat currency can be. Initial attempts to create peer-to-peer lending and asset tokenization so far have proven partial and unreliable, so investors have extremely limited options when it comes to an investment of their cryptoassets. The potential is enormous to provide financial services in crypto, the same way they are offered in fiat currency.

The Solution

DeFiChain is designed for investors in the cryptocurrency market who are looking to make their cryptocurrency work just like any other form of capital, such that they can ensure a return on investment in any market. DeFiChain is a dedicated non-Turing-complete blockchain, designed specifically for the decentralized finance (DeFi) industry. DeFi provides full functionality for this specific segment of the DLT community, sacrificing other types of functionality for simplicity, rapid throughput, and security.

The function set includes among others:

  • Decentralized lending
  • Decentralized wrapping of tokens
  • Decentralized Pricing oracles
  • Decentralized exchanges
  • Transferable debts and receivables
  • Decentralized Non-collateralized debt
  • Asset tokenization
  • Distribution of Dividends

The state of DeFi

The current state of Decentralized Finance (DeFi) is populated by general purpose blockchains, most of which provide Turing-complete command sets for the development of smart contracts on the chain. While appropriate for many programming languages, this dogmatic pursuit of Turing-complete smart contracts languages has resulted in a variety of problems when it comes to scalability, security and robustness of the blockchains.

  • The sheer mass of dApps on networks such as Ethereum, EOS and TRON have potential (or proven) impact on other dApps on the network. The most obvious example was when CryptoKitties ground the Ethereum network practically to a halt. While some of the faster-throughput networks say this can’t happen, it will be some time before any other network reaches the critical mass of apps on Ethereum so that we can prove whether this is or isn’t the case.
  • For serious financial type dApps, it’s important to know that the network is being maintained and managed in a responsible and secure manner. Having a blockchain that is swamped with games, gambling and other types of less “mission critical” apps will ultimately influence the development and direction of the blockchains. With governance models that allocate power to masternodes, dev groups, and token-holders, the core development team will ultimately be influenced by the biggest players. Decentralized Finance apps can’t afford the potential consequences of sharing a blockchain with anyone who chooses to use that operating system.
  • Using Turing-complete command sets requires programmers to create complex programs to develop any kind of app. For example, to create a peer-to-peer lending contract on top of MakerDAO, a programmer requires approximately 2000 lines of code. Any bug in that code can cause loss of the funds, or some other consequence. Maintaining such a large code base intrinsically means larger chances for mistakes and a large attack surface for even simple apps.

Benefits of DeFiChain: Summary

  • Development of a variety of financial operations & vehicles for cryptocurrency economy.
  • High throughput for all transactions
  • Safer, more secure blockchain specifically for decentralized finance..
  • Rapid development of dApps for decentralized finance.
  • Peace of mind that the blockchain is not used for any types of non-financial dApps, thus decisions of Foundation and core developers are focused 100% on decentralized financial use-cases and nothing else.
  • Rapid development of dApps with dedicated calls specifically for finance applications.
  • Minimal attack surface of financial smart contracts developed on the platform.
  • Reliable governance (off-chain and on-chain).
  • Highly immutable – by periodic anchoring to Bitcoin blockchain.

Disclaimer:

Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.

Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

Tags: DeFiChain Defi CoinsDeFiChain Defi Coins ReviewHow It Work DeFiChainHow To buy DeFiChain
Share186Tweet116ShareShareShare33ScanSendSend
ADVERTISEMENT
Previous Post

What Is Around Network (ART)? Complete Guide & Review About Around Network

Next Post

Portis Wallet Review: The Non-Custodial Blockchain Wallet

Verna

Verna

One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

Next Post
Portis Wallet Review: The Non-Custodial Blockchain Wallet

Portis Wallet Review: The Non-Custodial Blockchain Wallet

Leave Comment
ADVERTISEMENT

PRESS RELEASE .

APENFT to Support Potential Ethereum Hard Fork and NFT Trading on the New Chain

August 17, 2022

Lovely Inu introduces a new meme token to the global crypto market

August 16, 2022

Gala is announcing a partnership with Stick Figure Productions to distribute Four Down on the Blockchain

August 12, 2022

DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund

August 11, 2022
Advertisement

We Provide Review About Blockchain Technology , Crypto Products Review , Affiliate Marketing Review , DEFI , NFT At One Place.

Need Help Mail Us Directly Your Questions At - [email protected]

We Are On Social Media Connect With Us

Follow Us

LIVE PRICE

  • Bitcoin Live Price
  • Ethereum Live Price
  • Cardano Live Price
  • Binance Coin Live Price
  • Solana Live Price
  • RIPPLE LIVE PRICE

News Section

  • Press Release
  • Bitcoin News
  • Blockchain News
  • Exchange News
  • Breaking News
  • Government News

Important Pages

  • Contact Us
  • Advertise
  • Submit Topic
  • Disclaimer
  • Privacy Policy
  • DMCA
  • About Us
  • Advertisement
  • Buy Banner
  • Submit Press Release
  • Submit An Article
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Sitemap
  • Contact Us

© 2021 All Rights Reserved
Disclaimer - The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Coinworldstory does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. All the information on this website is published in good faith and for general information purpose only. https://coinworldstory.com does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information you find on this website (https://coinworldstory.com), is strictly at your own risk. https://coinworldstory.com will not be liable for any losses and/or damages in connection with the use of our website.

No Result
View All Result
  • HOME
  • CRYPTO
    • ICO
      • High Risk Ico Review Category
      • New ICO Review Listing
      • Scam ICO Review Categories
      • Silver ICO Review Listing Platform
      • Diamond ICO Review
      • Gold Ico Review Category
    • Coins
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining + Cloud Mining Review Platform
    • BOTS
    • Buy Bitcoin
    • Crypto Faucets
  • Guide
  • Airdrops
    • Featured Airdrops
  • Exchange
    • Centralized Exchange
    • Decentralized Exchange
    • Closed Exchange
  • DEFI
  • NEWS
    • Press Releases
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • Casinos
    • Certified Casinos
    • Bitcoin Casino
    • Blacklisted Casinos
  • Forex
  • Mega Menu
    • Menu 1
      • Ad Posting Jobs
      • Copy Paste Jobs
      • Currency Exchanger
      • Data Entry Jobs
      • Gpt Sites
    • Menu 1
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
      • Payment Platform
    • Menu 2
      • Uncategorized
      • Reward Platform
      • Tools
      • Trading
      • Wallets
      • Web Hosting
    • Menu 3
      • Gpt Sites
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
  • Affiliate
    • CBD Affiliate Program
    • Crypto Affiliate Program
    • Domains Affiliate Program
    • Email Affiliate Program
    • Fashion Affiliate Program
    • Finance Affiliate Program
    • Market Place Affiliate Program
    • Social Media Affiliate Program
    • Tools Affiliate Program
    • Travel Affiliate Program
    • VPN Affiliate Program
    • Web Hosting Affiliate Program
    • Affiliate Marketing
    • AFFILIATE NETWORKS
  • NFT

© 2021 All Rights Reserved
Disclaimer - The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Coinworldstory does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. All the information on this website is published in good faith and for general information purpose only. https://coinworldstory.com does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information you find on this website (https://coinworldstory.com), is strictly at your own risk. https://coinworldstory.com will not be liable for any losses and/or damages in connection with the use of our website.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.