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During the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based defi projects in the wild. In the world […]
The post Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network appeared first on Bitcoin News.
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While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers a stablecoin token. An Attempt […]
The post Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin appeared first on Bitcoin News.
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Stablecoins play a growing role of importance in the cryptocurrency industry. Despite new entrants coming to market, Tether remains the leader in this industry. Money On Chain, an up-and-coming stablecoin project, will try its hand at doing something completely different. Analyzing the Stablecoin Landscape A few years ago, no one expected the concept of a stablecoin to become this popular in the cryptocurrency industry. Today, currencies such as Tether’s USDT are the main trading pair for Bitcoin and most altcoins across the exchanges. This industry continues to grow and evolve whenever possible, which allows more companies to enter the market
The post Money on Chain: The New Breed of BTC-backed Stablecoins appeared first on The Merkle Hash.
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