What Is PDBC Defichain?(DPDBC)
The PDBC Defichain Foundation is developing DeFiChain, a blockchain specifically dedicated to decentralized financial applications. By focusing on the functionality of the blockchain and dedicating it specifically to decentralized finance, DeFiChain provides unparalleled high transaction throughput, reduced risk of errors, and intelligent feature development specifically for the fulfillment of financial services on the blockchain.
DeFiChain approaches decentralized finance as a specific and critical segment of the blockchain community. DeFi is a dedicated blockchain that is optimized specifically for DeFi applications. DeFiChain is intentionally non-Turing-Complete and does not support any function, other than those needed for Decentralized Finance, resulting in a blockchain that provides higher throughput and better functionality specifically for dApps related to finance.
The advantage of a non-Turing complete command set is that there is a much lower potential for coding errors of the type that have plagued Ethereum smart contracts such as with the DAO hack or the locked funds with Parity. While it is important that we have some smart contract languages that are Turing complete, in the area of finance, it is appropriate to restrict the capabilities of the language in favor of a more secure system with greatly-reduced attack vectors.
| Coin Basic | Information |
|---|---|
| Coin Name | PDBC Defichain |
| Short Name | DPDBC |
| Circulating Supply | N/A |
| Support | 24/7 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
The Problem
Today, almost all financial services are run by banks. Investments, for example, by definition, is the use of capital to earn more capital. Investors use a bank to put their money into interest or dividend-making instruments in order to grow their wealth. The problems with financial services are increasingly becoming obvious to everyone: compounded costs due to middle(wo)men, slow transactions, delays for cross-border transactions, and inaccessibility to many sectors of the population. A myriad of fintech solutions have been brought in to improve the system, but fundamentally the underlying banking system is still in control, so fintech has brought only limited improvements.
Cryptocurrency and Decentralized Finance (DeFi) offer a way to start with a new system, circumventing the difficulties faced in changing the finance industry. While crypto has attracted billions in investments, decentralized financial services are lagging. When it comes to investment in cryptocurrency, crypto investors can buy and sell, but that’s it. The cryptocurrency itself cannot be invested in the same way fiat currency can be. Initial attempts to create peer-to-peer lending and asset tokenization so far have proven partial and unreliable, so investors have extremely limited options when it comes to an investment of their cryptoassets. The potential is enormous to provide financial services in crypto, the same way they are offered in fiat currency.
The Solution
DeFiChain is designed for investors in the cryptocurrency market who are looking to make their cryptocurrency work just like any other form of capital, such that they can ensure a return on investment in any market. DeFiChain is a dedicated non-Turing-complete blockchain, designed specifically for the decentralized finance (DeFi) industry. DeFi provides full functionality for this specific segment of the DLT community, sacrificing other types of functionality for simplicity, rapid throughput, and security.
The function set includes among others:
- Decentralized lending
- Decentralized wrapping of tokens
- Decentralized Pricing oracles
- Decentralized exchanges
- Transferable debts and receivables
- Decentralized Non-collateralized debt
- Asset tokenization
- Distribution of Dividends
Native Decentralized Finance for Bitcoin
A blockchain dedicated to fast, intelligent and transparent decentralized financial services, accessible by everyone.
The Post-Fintech Revolution
From trust-based to trust-less, decentralized finance overcomes what Fintech could not solve in traditional finance.
Benefits of DeFiChain.
Variety
Wide range of crypto-economic financial operations.
Throughput
Unparalleled high transaction throughput for all transactions.
Security
Turing-incomplete for reduced attack vectors.
Development
Rapidly create a variety of DeFi apps on one chain.
Governance
Reliable decentralized governance, on and off-chain.
Immutability
Immutable by anchoring to the Bitcoin blockchain.
Designed and engineered for decentralized finance dApps.
Lending
Borrow and lend through collateralized systems.
Wrapping of tokens
Work with a variety of crypto-assets, directly, on-chain.
Pricing oracles
Collect data from other chains and non-crypto markets.
Exchanges
Direct peer-to-peer trading between cryptocurrencies.
Transferable debts and receivables
Work with transparency not possible with institutions.
Non-collateralized debt
Loans based on reputation and verifiable credentials.
Asset tokenization
Tokenize equity, real estate, and other holdings.
Distribution of dividends
Automatic investment payouts with smart contracts.
Built-on-bitcoin
DeFiChain marries the best of Proof-of-Stake, with the security and immutability of Bitcoin.
