What is defi lending and borrowing platforms development

1. What is defi lending and borrowing platforms development Defi stands for " DeFi ". defi lending and borrowing platforms development DeFi is a contraction of decentralized finance. defi lending and borrowing platforms development It refers to the growing number of financial applications which run on the blockchain technology, such as cryptocurrencies , crypto commodities (also called tokens) , defi lending and borrowing platforms development crypto derivatives , dApps, etc. defi lending and borrowing platforms development Currently there are significant limitations in developing these types of apps or programs on top of standard blockchains like Ethereum . defi lending and borrowing platforms development They're either expensive to scale, slow, insecure or difficult to build with their current programming languages (e.g., Solidity ). defi lending and borrowing platforms development Ethereum, defi lending and borrowing platforms development on the other hand, was purposely designed to be Turing-complete (capable of expressing all computation). defi lending and borrowing platforms development As a result, it's more flexible than some other blockchains but this design makes it difficult to scale. defi lending and borrowing platforms development defi is an alternative blockchain technology which aims to solve some of these problems by building "operating systems" for finance apps. defi lending and borrowing platforms development The decentralized app or defi program can run on defianet while still taking advantage of lower costs. defi lending and borrowing platforms development So your financial app doesn't get bogged down when there are lots of transactions and lower fees. defi lending and borrowing platforms development Instead of Solidity , defianet uses Dfinity . defi lending and borrowing platforms development While Ethereum has a virtual machine to run its scripts, defianet has a cloud computer which runs as part of the blockchain consensus mechanism. defi lending and borrowing platforms development For developers, it's much

2. easier to start writing code in Rholang than Solidity . defi lending and borrowing platforms development defianet uses Tempo Ledger for time-stamping all transactions. defi lending and borrowing platforms development This is useful not just for finance but also many other types of applications where you need time stamps or proof that someone said or did something at a particular point in time. defi lending and borrowing platforms development defianet also uses Threshold Relay to create consensus among defianet nodes. defi lending and borrowing platforms development This is useful not just for finance but also many other types of applications where you need transactions confirmed by random group of nodes. defi lending and borrowing platforms development defianet is still in its early days, defi lending and borrowing platforms development but you can check out some projects which are already building on defianet at their developer portal . defi lending and borrowing platforms development defianet uses DAG (directed acyclic graph) for its transactions. defi lending and borrowing platforms development It's an exciting new way to structure transaction systems which allows more throughput than standard blockchains like Bitcoin or Ethereum . defi lending and borrowing platforms development You can read about this in more detail here . defi lending and borrowing platforms development