Is There Such a Thing As Bitcoin DeFi?

in #bitcoin3 years ago

Years after years, the defining Bitcoin vs Ethereum narrative in crypto has been that Bitcoin is only an investment digital gold so to say. At this moment, its blockchain can only record BTC transactions, but Ethereum is where smart contracts and decentralized apps are developed.

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That "layer 1.5" innovation is generating its own arrangement of DeFi applications, permitting Bitcoiners to loan, get, and trade resources on decentralized conventions without changing over their Bitcoin into tBTC or wBTC and afterward onto Ethereum.

astonishing huh?

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