So to confirm - 10,000 foot view defichain is a

Question

DeFiChain - International

Jarek

So to confirm - 10,000 foot view defichain is a

sidechain forked from bitcoin for eth and btc?

#blockchain #cryptocurrency #defichain #english

0

12.05.2023

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Zachary Chan

Sorry, was in a meeting. DeFiChain’s native blockchain, what we have now is a BTC fork, with many ‘upgrades’ like faster speed and low costs for DeFi-based transactions and functionality. These are things we have now like lending (vaults), wrapping (dCrypto), custom tokenisation (dAssets/dStocks), DEX. TBH, I don’t think you’re ever going to be able to explain any crypto or blockchain to an outsider without being technical. It’s a topic that requires a lot of DYOR and some tech knowledge. Even Ethereum and Bitcoin, who can safely explain them without being technical? Turing complete? Non-Turing complete? Proof of work? Proof of stake? Proof of authority? What are smart contracts? What exactly is a dApp? Even if you google these, most articles trying to explain these concepts in layman terms run thousands of words long and leave you more confused at the end.

0

12.05.2023

irogex · Accepted Answer

irogex

Its a btc code fork with staking, masternodes and account model to support tokens

0

12.05.2023

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So to confirm - 10,000 foot view defichain is a

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