In a 2018 report on blockchain technology, Deloitte identified five vectors of progress for promoting adoption. Topping the list was the need to enhance performance and interoperability. Ultimately, Deloitte concluded, “Help is on the way as a growing number of industry participants work to enable cross-blockchain transactions, interconnectivity, and standardization.”
When it comes to decentralized finance (DeFi), that prediction is increasingly coming to fruition as RSK, a Bitcoin-based smart contract and DeFi platform, announced the successful launch of its RSK token bridge that connects its Bitcoin-powered smart contracts with Ethereum’s popular network.
Decentralized finance is proving to be an important expression of blockchain technology as hundreds of companies harness the capabilities of the blockchain to expand opportunities beyond the traditional banking system. Indeed, this idea of an inclusive, open finance economy is so compelling that the team at Consensys have dubbed 2020 the year of DeFi, and RSK is…