Originally published on: December 09, 2024
At the recent Bitcoin MENA conference held in Abu Dhabi on Dec. 9, industry leaders came together to delve into the future of decentralized finance (DeFi) and blockchain security.
During an exclusive interview with Cointelegraph, Adam Bendjemil, the head of ecosystem growth at Core DAO, shed light on Bitcoin-based DeFi (BTCFi) and its unique approach to security.
Core DAO stands out as a layer-1 (L1) blockchain that seamlessly fuses Bitcoin security with Ethereum Virtual Machine (EVM) compatibility, aiming to elevate the DeFi landscape.
Bendjemil emphasized Core DAO’s mission to enhance trust in DeFi systems by merging its financial solutions with Bitcoin’s robust security measures, potentially paving the way for widespread blockchain adoption.
By integrating Bitcoin into its operations and relying on EVM-compatible technologies to enhance accessibility and adoption, Core DAO differentiates itself from other DeFi platforms based on Ethereum and BNB Chain.
Bendjemil highlighted the platform’s “security-first” approach, utilizing technologies like Solidity and audits to mitigate risks associated with DeFi protocols and prioritize protocol safety to build trust and ensure long-term adoption.
According to industry expert Raoul Pal, Bitcoin’s astronomic growth is far from over, with the price expected to hit $110,000 by January as it enters the “parabolic phase” of the market cycle.
As Core DAO continues to focus on enhancing security, stability, and innovation through BTCFi, the platform is poised to strike a balance between technological advancements and overall performance.
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