This article was first published on æternity blog - Medium
æternity — The Best Blockchain for DeFi Projects
DeFi, or decentralized finance, is positioned to restructure the world’s financial ecosystem. Here’s how æternity is empowering developers and building the foundation of the DeFi revolution.
DeFi, or decentralized finance, is a collective term used to refer to the application of blockchain technology in the world of traditional finance.
The core axiom of DeFi rejects the centralized nature of traditional finance and banking institutions, with DeFi platforms and developers working to recreate traditional financial infrastructure on decentralized applications or peer-to-peer architecture.
The core goal of DeFi is to wholly reconstruct the traditional banking system in an open, permissionless way — but the journey toward truly decentralized finance is obstructed by significant roadblocks that must be overcome.
Some of the most prominent obstacles faced by DeFi developers and enterprises are issues such as smart contract vulnerability, governance, user error, scalability, interoperability problems, and the relative difficulty associated with DeFi development.
æternity solves the problems present in the current DeFi ecosystem, delivering a scalable, secure, and decentralized platform ideal for creating DeFi apps.
æternity delivers robust smart contracts, faster virtual machine architecture, Oracle-driven interoperability, dynamic governance, infinite scalability, and streamlined development tools.
Here’s why æternity is the best blockchain for DeFi projects.
The Problem With DeFi: What æternity Solves for Developers
The æternity approach to application development and deployment addresses the problems faced by blockchain developers in the defi ecosystem — specifically smart contract vulnerabilities, user error in development, interoperability, centralization, and scalability.
The DeFi revolution is built on the foundation of smart contracts — code operating on blockchain that executes automatically when specific conditions are met. Smart contracts allow for the creation of dapps, which can be designed to create stablecoins linked to fiat currencies, facilitate lending or borrowowing on a peer-to-peer basis, ...
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æternity blog - Medium