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  • Some of the largest projects and companies in the crypto space are starting to look into DeFi.
  • Recently attending the Coinbase Winter 2019 hackathon, the company’s product manager Jacob Horne talked about DeFi.
  • Coinbase has said in a tweet that said that the so-called hackathon is primarily putting aim on building more related tools to DeFi.

Some of the largest firms in the crypto space are starting to look into DeFi.

Recently attending the Coinbase Winter 2019 hackathon, the platform’s product manager Jacob Horne talked about DeFi, short for decentralised finance, as it could become an opportunity that could change the way people interact with markets. 

Coinbase has said in a tweet that said that the so-called hackathon is primarily putting aim on building more related tools to DeFi:

“DeFi, or decentralized finance, is an essential part of an open financial system. DeFi tools are censorship-resistant, unbiased, programmable, and available to anyone with a smartphone. For this hackathon, we’re focusing on bringing DeFi to the world.”

Ethereum

So where does Ethereum come into this?

According to DeFi Pulse, the overall value licked in decentralised finance went over $657 million in Ethereum. On top of this, the value is up by just shy of 40 percent since October, within a two-month timeframe. For those that don’t know DeFinPulse is a site that overlooks and gives ratings to the different DeFi.

When you think of the quick growth that has been seen in the crypto industry these last few years, Horne said that “DeFi is an opportunity to build financial infrastructure that spans the world, is open to everybody, and starts to change how we interact with markets.”

It will be interesting to see how this situation plays out. We have seen some pretty impressive growth over the past two years with the market increasing up to $660 million from just $10 million in the years before.

For more news on this and other crypto updates, keep it with CryptoDaily!

(Excerpt) Read more Here | 2019-12-13 12:01:21

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