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The future of DeFi spreads across multiple blockchains
Stuck in (Bitcoin), (Ethereum) Finally occupied the market during the 2020 decentralized financial summer. DeFi aims to rebuild the traditional financial system with fewer middlemen, and is now used for lending and token trading.Most of these decentralized applications (DApps) are running on Ethereum, which sees activity on the network Increase During 2020.This activity is also on the rise due to Yield agriculture, Also known as liquidity mining, it enables holders to use their encrypted capital to generate returns.
But with the increase of Ethereum activities, the transaction fees of the network also increase. In May, it was reported that Ethereum Gas bills soar. Intuitively, participating in DeFi is only worthwhile when dealing with capital that exceeds any network cost. Therefore, users soon knew that the blockchain would soon be unavailable.
Michael O’Rourke Co-founder and CEO of Pocket Network. Michael is a self-taught iOS and Solidity developer. He also works at the grassroots level of the Bitcoin/cryptocurrency gathering and consulting company Blockspaces in Tampa Bay, focusing on teaching developers Solidity. He graduated from the University of South Florida.
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