DeFiChain (DFI) Price
DFI
$0.061765
Market cap
54,099,228.0
Total volume
3,496,021
Circulating supply
875,571,653
Total supply
1,200,000,000
Setting itself apart from the majority of DeFi initiatives that rely on the Ethereum blockchain, DeFiChain is originally forked from Bitcoin's software and secures its operations by linking with the bitcoin blockchain (through merkle root integration) at regular intervals to ensure unparalleled security.
Engineered with a specific focus, DeFiChain excludes Turing completeness to minimize the risk of errors in smart contracts—a critical feature for financial operations. Its operational codes are tailored exclusively to support decentralized financial applications,
thus prioritizing financial transactions and preventing the system from being overloaded by non-financial activities like gaming and gambling, which can lead to inflated transaction fees.
Anticipated advancements in DeFiChain's ecosystem include decentralized features such as:
Borrowing, Token Wrapping, Price Oracles, Digital Asset Exchanges, Tradable Debts and Credits, Unsecured Loans, Tokenization of Assets, Dividend Distribution, and the much-awaited YIELD FARMING!
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