Blockstack CEO Says Bitcoin Is a Better DeFi Solution Than Most Think

Cointelegraph

Published Aug 01, 2020 08:30AM ET

Updated Aug 02, 2020 10:20AM ET

As interest in smart contracts surges, some Bitcoiners are asking: why can't Bitcoin (BTC) become the foundation for smart contracts too, instead of Ethereum (ETH)?

Muneeb Ali, co-founder and CEO of Blockstack open-source platform, believes that the best way to bring about a user-owned internet "is to anchor applications and smart contracts to the Bitcoin network in a way that uses Bitcoin as a reserve currency and its powerful blockchain as a security mechanism."

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