Bitcoin Does Not Need DeFi, But DeFi Needs Bitcoin



Dr. Chiente Hsu is CEO and cofounder of ALEX (Automated Liquidity Exchange), the first complete DeFi exchange on Bitcoin.

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Bitcoin is the only way to get truly decentralized finance (DeFi). DeFi hasn’t yet emerged as a game-changing force because it requires fully expressive smart contracts which aren’t possible on the core Bitcoin protocol due to their security trade-offs. However, there are several projects hard at work building layering solutions that allow the variety of smart contracts that have recently made DeFi on Bitcoin a reality.


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