Originally published on: December 09, 2024
The recent Bitcoin MENA conference in Abu Dhabi brought together top experts in blockchain technology to delve into the future of decentralized finance (DeFi) and blockchain security. At the forefront of innovation is Core DAO, as discussed in an exclusive interview with Cointelegraph.
Adam Bendjemil, the head of ecosystem growth at Core DAO, shed light on the platform’s unique Bitcoin-based DeFi (BTCFi) model and its emphasis on security measures. As a layer-1 (L1) blockchain, Core DAO combines Bitcoin security with Ethereum Virtual Machine (EVM) compatibility to enhance the DeFi landscape.
One key aspect highlighted by Bendjemil is Core DAO’s commitment to boosting trust in DeFi systems by integrating Bitcoin’s security features, paving the way for wider blockchain adoption. By incorporating EVM-compatible technologies, the platform ensures accessibility and user-friendliness while prioritizing security.
Contrary to popular belief, Bendjemil asserts that “boring is good” when it comes to Core DAO’s approach, emphasizing the importance of a battle-tested framework in ensuring platform stability. With a security-first strategy that employs tools like Solidity and rigorous audits, Core DAO aims to mitigate risks associated with DeFi protocols and build a foundation of trust for long-term success.
As the market gears up for a potential BTC price surge, industry experts like Raoul Pal predict a significant increase in Bitcoin’s value. With Core DAO’s innovative BTCFi model and robust security measures, the platform is poised to lead the charge in redefining DeFi standards and revolutionizing the blockchain landscape. Stay tuned for more updates on Core DAO’s disruptive approach to decentralized finance.
