Blockstack CEO: Bitcoin Could Be A Better Solution Than DeFi

According to Cointelegraph, Muneeb Ali, co-founder and CEO of the open source platform Blockstack, said the best way to reach internet users is to "use Bitcoin as an anchor form of storage." applications and smart contracts for the Bitcoin network. I believe. "It uses the energy of the blockchain as a security mechanism." The Bitcoin blockchain has been important for over a decade because most people see the Bitcoin network as "incompatible" in terms of security. Regarding the potential of “Bitcoin DeFi,” Ali said that while many people think it is easy to recreate Bitcoin on Ethereum, it makes sense to build Ethereum power on Bitcoin. This adoption is still in its infancy, people say Bitcoin I began to realize the benefit of building the ecosystem on top of it rather than paralleling it.