Ethereum is beginning to see its dominance dwindle, falling from ~84% in March 2021 to ~55% in March 2022 as other platforms see rapid growth in their DeFi ecosystems. See how DeFi is growing on alternate platforms 👇
got off to a relatively slow start but has seen a dramatic shift in momentum as its DApp ecosystem recently started to expand quickly.
Built on Parity’s substrate platform, Polkadot benefits from a central Relay chain that acts as its security and consensus hub. The platform features a unique block production mechanism known as BABE, which is combined with a finality mechanism known as GRANDPA. This is combined with Nominated Proof-of-Stake for validator selection to produce a blockchain that can achieve transaction finality in just seconds while remaining environmentally friendly and resisting attacks.
Velas also directly resolves one of the major obstacles facing the adoption of other blockchains — pollution. Thanks to its hybrid consensus system that uses a combination of Proof-of-History and Proof-of-Stake, Velas is extremely energy efficient, and is carbon-neutral, making it particularly well-suited for ESG applications.
Thanks to its fast transaction completion times, low fees, and reduced environmental impact, Polygon is quickly gaining popularity among developers that want to provide an Ethereum-like experience with none of the usual downsides. . The platform is unusual among lending solutions, in that users do not need to pay any interest when taking out a loan. It features a native token known as Qi, which is used for governing the platform., which is designed to fund and accelerate promising projects building on Polygon. Since its launch in early April, the platform has already launched several projects, helping to expand the still relatively small Polygon ecosystem.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Polygon partners with Orbs and DeFi.org to launch an accelerator programThose who wish to participate are required to be building within Polygon, with special consideration to those that use the Orbs infrastructure.
Read more »
‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable FinanceCould the European Union be left behind in the DeFi revolution? peterlih from Unstoppable Finance speaks to Cointelegraph about the EU's latest efforts at regulation and the threat it poses to decentralized finance.
Read more »
Robinhood launching DeFi wallet to rival MetamaskThe popular brokerage will allow crypto traders to swap tokens without having to pay network fees through a new standalone application.
Read more »
Nansen acquires DeFi investment tracker Ape Board for undisclosed eight-figure sumThe blockchain data analytics platform says Ape Board will become the starting point for a new free-to-use portfolio tracker.
Read more »
Meet Clearpool, the lending platform at the forefront of ‘DeFi 2.0’Clearpool recently lent USDC to Jane Street, and has similar deals lined up. But its CEO is most excited about its permissionless pools.
Read more »
Nomura’s Digital Division to Focus on Cryptocurrencies First, DeFi LaterJapanese bank Nomura's crypto division will go beyond trading and research to delve more deeply into the ecosystem. By IanAllison123
Read more »