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The Importance of Developing the Decentralized Finance Space

Source Node: https://cointelegraph.com/news/the-importance-of-developing-the-decentralized-finance-space
Time Stamp: August 16, 2020 7:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The rapid growth of the decentralized finance space, the rise in demand, the improvement of its protocols, and the breadth of offered services and opportunities will provide retail users with the options they are sorely lacking in the existing financial system. And it will enable institutions to move real-world assets onto the blockchain, generating untold cost-savings and improved efficiencies.But it doesn’t have to be a violent revolution. DeFi doesn’t necessarily need to overthrow the incumbent system. I believe that DeFi will complement traditional finance, force it to do better, and,

Why Chinese Miners Won’t Stage a 51% Attack on Bitcoin

Source Node: https://cointelegraph.com/news/why-chinese-miners-wont-stage-a-51-attack-on-bitcoin
Time Stamp: August 11, 2020 7:32 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

China accounts for more than half of the world’s Bitcoin mining capacity but Jameson Lopp, the co-founder and CTO of Casa, has hosed down fears that Chinese miners are a threat to Bitcoin in a blog post on Aug. 9.Although many people have raised concerns over the concentration of such much hashpower being located in China, Loop pointed out that even in the event of a 51% attack on Bitcoin, attackers are limited in what they can actually do. He explained that attackers can't steal people's Bitcoin arbitrarily, nor change the consensus