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Did you know that a Ferrari 488 GTB can deliver up to 660 horsepower? This allows it to go from 0 to 60 mph in just 3.0 seconds. Why would you want this in a car? Frankly, because it allows you to feel the absolute definition of fast.
Humans have an interesting fascination with speed. We’ve realized that when harnessed, we can see more, do more, create more, experience more. Speed is fun, but it’s also critical for growth, improvement, and doing things we couldn’t accomplish before.
But what if our theoretical Ferrari had a fatal constraint? What if 90% of the horsepower had to be dedicated to run the radio, electrical system, the brakes, and the AC? What if you were only allowed to drive it on the freeway, during rush hour? Yes, it’s still a great-looking car. But you’ve taken away its biggest feature.
This is an absurd “What-If”, and yet this is exactly what is happening in the world of DeFi. Let’s look at why this is, what the root causes are, and what it will take to create a real solution.
Before we can dive into this issue, it’s important to get a solid understanding of the current state of the industry. From a 10,000 foot perspective, DeFi is still in its infancy. A lot of growth and development has happened, but it’s still just learning how to walk. That said, it’s matured past the point of a fad, and is here to stay. With the recent centralized meltdown surrounding the industry, especially with the FTX collapse, this maturity could not come soon enough, showing that crypto’s biggest (and perhaps most necessary) value is in decentralization. There are enough
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