Decentralization

Blockchain technology has been utilized in saving the lives of people affected by the Covid-19 pandemic for a long time. Now, the distributed ledger technology (DLT) is to be exploited to expedite disaster relief to affected regions if 10 designated volcanoes explode.

Despite the series of obvious advantages, the DeFi platforms seem to face cyber attacks over and over again. The latest hack cost an exchange $3.8M. The road in the DeFi and cryptocurrency sector seems not to be smooth.

Bitcoin still has a long journey to be widely accepted. This is not because it is hated or not suitable to be used in making transactions, but it’s majorly because of its volatile nature and many factors that need to be worked on. Bitcoin is very volatile to be widely putative as a stable currency.