Ethereum may face problems in DeFi potential

By MichaelD | MichaelD | 22 Sep 2020

We know DeFi is a hit and because of that Ethereum struggle in the congestion issues. Can Defi stay its place before Ethereum 2.0?

When DeFi is getting big the problem in Block Ethereum Network is also getting more work which its congested. Everyone know it the more demand or work the more strained and slower will become that will happen to block chain.

If more users are in the network block chain then the more limited it is processed its transaction because we know that the block size is limited.

Just like what happen to Bitcoin because of it Bitcoin Cash is created.

DeFi market value is already around $8 billion . Do you think DeFi will still depend on Ethereum?

Resources

https://www.google.com/amp/s/cointelegraph.com/news/ethereum-scalability-issues-exposed-as-high-gas-fees-stall-defi-boom/amp

Cryptocurrency Bitcoin (BTC) Blockchain Ethereum (ETH) DeFi

How do you rate this article?

MichaelD

I admit I'm a newbie started at April 2020 but I am sure you are a newbie too when you started in cryptocurrency so let's invest and be succesful in this opportunity. I'ts not too late

MichaelD

I'm a newbie to the cryptocurrency but almost have knowledge into it. I am sure that everyone will be rich if invested and hodl in a right coin or token. Lets get that Lambo!