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Anyone familiar with the cryptocurrency industry will know that the Decentralized Finance (DeFi) field is growing at a tremendous rate. In fact, during 2020, DeFi was one of the single hottest trends in the crypto world. DeFi is revolutionizing the financial industry, and it is all possible due to blockchain technology. The dominant platform when it comes to DeFi has always been Ethereum - however, there is no guarantee that Ethereum-based DeFi solutions and dApps will keep dominating this field.
Ever since the inception of the decentralized finance (DeFi) field, the world has seen massive improvements brought about to rival legacy financial systems. As you will likely already know, DeFi potentially holds the keys to banking the unbanked and truly democratizing finance. Nevertheless, there are still some speed bumps ahead that could slow the mainstream adoption of decentralized finance solutions. While DeFi is making significant advancements, the same old attack vectors keep haunting us. Today we’ll look at the most prominent ones.
You may have heard of the “Exeedme” blockchain-powered gaming tournament platform and the XED token. In short, Exeedme is a blockchain gaming platform that seeks to revolutionize the industry by giving gamers, developers, and organizers a place to monetize their skills. They plan to do this through the power of decentralized finance (DeFi) and non-fungible tokens (NFTs).
