Ethereum
$144.25 1.31%
ETH · 2w

In 2020, Will Decentralized Finance Finally Flourish in a Centralized World? [Nasdaq on Defi]

By Ruaridh O’Donnell, Director of Information Systems and Co-Founder at Kava

In straddling the peripheries of emerging technology and legacy finance, decentralized finance has fast-emerged as one of blockchain’s more palatable offerings. As an open ecosystem that anyone from anywhere in the world can access to both utilize and build new products and services, DeFi is envisaged to accelerate the pace of innovation. With the potential to completely transform existing financial products, the movement has naturally come to the attention of mainstream enterprise players who look to capitalise upon its emphasis on operational efficiencies, cost-savings, and disintermediation.

From decentralized prediction markets to Facebook’s foray into digital currencies as a means of achieving financial inclusion for the underbanked and unbanked, the applications for DeFi are widening their reach and investments are steadily pouring in for new decentralized financial solutions. The ecosystem as a whole achieved a milestone in June 2019 when the value locked into DeFi projects reached a peak equivalent to nearly USD $700 million. With 2020 on the horizon, we can hope to see even greater recognition of DeFi’s potential, highlighting the technology’s ongoing journey toward maturity as we see more and more applications with real-world value.

A Trustless Ecosystem

Traditionally centralized by design, power within the global banking system has largely been held by legacy institutions, be it central banks, law firms, or regulatory bodies. Unsurprisingly, financial services are viewed as the least trusted of all the major industries, after the global recession of 2008 and ...

Continue on nasdaq.com
Recent news
ETH +1.31% · tokenpost.com · Now

ETH/USD recovery lacks traction, upside capped at 5-DMA

ETH/USD chart - Trading View Exchange - CoinbaseSupport: 132.60 (Trendline); Resistance: 145.05 (5-DMA)Technical Analysis: Bias bearishETH/USD struggles to extend previous sessions gains, upside remai...
ETH +1.31% · youtu.be · 8h

The Emerging Markets Solar Fund

Auf YouTube findest du großartige Videos und erstklassige Musik. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder mit der ganzen Welt teilen.
ETH +1.31% · youtu.be · 10h

An Introduction to Ethereum Studio!

Auf YouTube findest du großartige Videos und erstklassige Musik. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder mit der ganzen Welt teilen.
ETH +1.31% · blog.ethereum.org · 12h

The 1.x Files: a fast-sync

ETH 1.x: a fast sync The new direction of ETH 1.x research has begun proper, with a focus on moving the current Ethereum chain towards the ‘stateless client’ paradigm, with the eventual target being a...
ETH +1.31% · blog.blockport.io · 12h

Blockport found a new partner!

We're excited to bring good news to the community. It's a very positive step forward for everyone involved, and it brings us a step closer to our dream of bridging the traditional world of finance wit...
ETH +1.31% · cryptoverze.com · 20h

BitPay Announces Support for Three Stable Coins

Highlights: BitPay to start supporting three more Stable CoinsBitPay notably did not issue support for USDTUSDC, GUSD and PAX can now be transferred with BitPay Founded in 2011, BitPay is a payment pr...