The evolution of DeFi and its unique token distribution mechanics By Cointelegraph

The evolution of DeFi and its unique token distribution mechanics


The evolution of DeFi and its unique token distribution mechanics

As in most technical domains, evolution in the crypto industry moves in waves. The first wave was the building of layer-one blockchain solutions and infrastructures like (BTC) and Ether (ETH). The second wave was the ICO boom. As this draws to an end, there have been multiple speculations on what the next wave in crypto will be.

Some predicted that security token offerings and initial exchange offerings would be the next big thing, but this did not come to pass. Others believe in layer-two scaling solutions like Plasma and the Lightning Network, which, lately, have proved to be critical solutions due to high network congestion and Ethereum’s gas fees hitting a new all-time high each day. Those solutions, unfortunately, are still several years away.

Alex Melikhov is the CEO of Equilibrium and has 15 years of entrepreneurial and fintech experience. A fan of DApps, he is a specialist in smart contracts and , on which the majority of DeFi applications are hosted. A cryptocurrency enthusiast since 2013, Alex has founded and co-founded several businesses in the sector, including the renowned crypto exchange Changelly, Oxygen trade and EOSDT.

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