The best ‘fit’ for decentralised finance (DeFi)

  • ‘Smart contract’ cryptocurrencies are looking to dominate the decentralised finance (DeFi) space with new use cases and more developers.
  • The big wig includes Ethereum, Cardano, and Solana.
  • Come dive into complexities of the crypto world with Business Insider in a new monthly comic strip we like to call ‘Bitter Coin’.

The decentralised finance (DeFi) space is getting heated with more and more alt coins popping up to take on Ethereum’s dominance when it comes to ‘smart’ contracts.

But the Ethereum blockchain isn’t one to get left behind in the dust. Not only has it managed to retain its status as the second largest cryptocurrency in the world — not something that every DeFi coin can claim — but it’s also on the path to upgrading itself.

Other alt coins, like Cardano and Solana, claiming that they’re cheaper and faster pushed the developer behind Ethereum to finally make the move from Proof-of-Work to Proof-of-Stake.

No (one) coin has a definitive lead in the market and they’re all racing against the clock to expand by enticing coders to build new apps using their respective blockchain networks.

Here’s the second story in a series that we like to ‘Bitter Coin’ (In case you missed it, the first story in the series can be read here.):