Topic: Can De-Fi Replace ETH ? (Read 355 times)
it seems that eth will return to normal in terms of fee and speed of transactions with eip 1559 and the release of eth 2.0 but in the meantime it could be replaced in importance by bnb and its blockchain bsc,the defi are another thing
De-Fi will never leave the market, when De-Fi will function on the bitcoin blockchain the world will see an unprecedentedly high price of bitcoin. Therefore now we should not try to snatch big profits on incomprehensible sites we better concentrate on the accumulation of bitcoins under our control.
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
I guess ethereum is for defi isn't it? Why are we talking about defi could survive without a centralized regular coin. It could be eth, tron, bsc, neo whatever but they are all there. Maybe one day a defi will open for all other defi, like a defi where defis start instead of eth and others, that might help, but it would have to go up so much that we are talking about 2 out of top three coins help with the defi projects and that's a lot.thoughts
This is why I think it is quite obvious that we are not going to see defi replacing eth. Don't get me wrong, defi will keep going bigger and bigger, it is decentralized which is why people love it and it will continue down that path, however that doesn't change the fact that we do not have to see ETH go for that to happen, both of them could live together and grow together, which is what is happening right now anyway.
I never thought Defi could replace Ethereum, Defi is a new project in cryptocurrency and people are not very familiar with it, whereas Ethereum is more than just a cryptocurrency, Ethereum is a blockchain-based platform for developing decentralized applications and smart contracts. I think it will be very difficult for defi to replace Ethereum, but if it goes beyond the Ethereum price it can still happen.
If the problems and issues regarding ethereum blockchain is not resolve even the ETH 2.0 is launches, I guess many crypto enthusiasts will then move and shift into a much cheaper and more convenient DeFi blockchain and ecosystem. However, if it fix its issues and problems it will definitely attract more people to patronize their blockchain and its a big boost for their reputation once more.
The fact is that the update of Ethereum 2.0, or rather its last phase of the London hard fork, will give much more advantages to the Ethereum platform and to every ETH owner. The fact is that everyone expects not only a decrease in fees within the network, which are very often not very important for huge and promising projects, but at the same time I really like the idea that the team is implementing that a significant amount of transaction fees will be burned and thus Ethereum will be a deflationary asset, which will more effectively affect its popularity and pricing. 
If the problems and issues regarding ethereum blockchain is not resolve even the ETH 2.0 is launches, I guess many crypto enthusiasts will then move and shift into a much cheaper and more convenient DeFi blockchain and ecosystem. However, if it fix its issues and problems it will definitely attract more people to patronize their blockchain and its a big boost for their reputation once more.
I'm sorry, but what do you mean by DeFi replacing ETH?. First, it's two different things, I mean we can't compare both apple to apple. DeFi isn't a new crypto or has characteristics like ETH. It's correct that some of DeFi projects built above Ethereum smart chain. as far as I know, DeFi is like the new innovation in cryptocurrency that based on existed smart chain project. I think DeFi projects and Ethereum has a mutualism symbiosis relationship so if Ethereum issues solved, it will positively effected DeFi projects that built above ethereum smart chain , and when DeFi projects based on ethereum smart chain become more popular, it will also positively effected the popularity of ethereum. Please CMIIW.
Usually DeFi is a utility token or dApps which have some finance function.
So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.
that's why ethereum was providing an infrastructure for defi to run on ethereum blockchain. People didn't aware about this and they keel call that defi is comparable with ethereum while the fact was saying the opposite thing than it. So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.
it will never happen and basically OP didn't know what he was talking about that. It looks like he must learn what definition of defi and blockchain.
Blockchain as the basis network to run the defi platform can be categorized in the different thing.
Usually DeFi is a utility token or dApps which have some finance function.
So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.
There are many responses in this thread commenting on it even without knowing what they are talking about and you are the few that had a solid response that makes sense. So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.
ETH and DeFi are entirely different things, ETH can be replaced by others like DOT, EOS or even BSC but not the other way around.
Users here should read this response before they make their own conclusions out of thin air. They should know first what is DeFi and dApps (decentralized Applications). They are misinformed about some things here. DeFi can't replace ETH because it is built under ETH network for example, or EOS, or DOT, or ADA and other dApps. I think the OP needs correction on his post so it will not mislead other users.
ETH will always be the better solution, but what DeFi did is to change its market value to a whole new level. Another thing I think is it is better not to ignore the fact that DeFi is not meant to be a cryptocurrency. DeFi can be used as a store of value or speculative investment, but not cryptocurrency.
The hype will be over pretty fast and we will see how the decentralized finance market will hold up when we are in a bear market. The bull market helped the hype grow to a point but we will see the true nature during the bear market and what all tokens will die off can be witnessed at that time.I still considering these hype as pump and dump markets and DeFi is not a store of value or even a speculative market.
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
thoughts
I cannot deny that Defi was really growing but this doesn't mean that it can replace ETH, that's not going to be happen.
And most of the defi coin now are very useful for the scammers, sorry no offense, perhaps this was my observation during
the time of hype recently, just like what happened before Bitcoin begin to spike.
Usually DeFi is a utility token or dApps which have some finance function.
So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.
There are many responses in this thread commenting on it even without knowing what they are talking about and you are the few that had a solid response that makes sense. So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.
ETH and DeFi are entirely different things, ETH can be replaced by others like DOT, EOS or even BSC but not the other way around.
ETH will always be the better solution, but what DeFi did is to change its market value to a whole new level. Another thing I think is it is better not to ignore the fact that DeFi is not meant to be a cryptocurrency. DeFi can be used as a store of value or speculative investment, but not cryptocurrency.
I guess the ops is just trying to pull a stunt on us because I can't see any reason why any one will try to compares the De-fi to ethereum blockchain the so called uniswap De-fi projects still runs on the ethereum blockchain which is the mother of all altcoin.
One of the examples where people do make out some topics or post without even realizing on what are the things they've been posting.They are making themselves laughable inpublic since everybody knows mostly on this forum that DeFi and Eth platforms is just on the same side.ETH price did shoot up because of that Defi hype and look at on the
current network situation of ETH where it did really stuck off on having high fees which is really a pain in the ass. Replacing ETH into its place is plausible with other
alts but there is no guarantee on when it could happen.It all matters with the demand into it and if people find out that it isnt really that much of interesting
then expect that there would be replacements.
Usually DeFi is a utility token or dApps which have some finance function.
So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.
So, it has to built on top of dApps platform like EOS, ETH, DOT, CLO, ADA or another platform that have capability for it.
By that fact, its impossible a DeFi replacing ETH.
Man, DeFi is still under the Ethereum network, you should know that DeFi hitches a ride in the Ethereum pool, so to replace ethereum is a very imprecise statement. because if DeFi has to replace Ethreum, it means DeFi has to go out and create its own line. In simple terms Ethreum should get rid of DeFi first. or should it be like the coup in Myanmar. LOL
Yup haha that is also what I replied above,,, op probably does not even realize that defi is mainly on ETH network now, OR he is one of those who are hitching rides on polkadot and now even Binance Smart Chain (I still cannot believe that people are using Binance SC now when it is so unsafe as we do not know what is the risks there yet).
Myanmar coup haha:)
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
Definitely, not. And why? It is because Defi can't be like ETH, it is a different platform. thoughts
Defi projects? there's a lot of them and I don't know which one will even survive in the future as most of these projects are worthless.
I know profit means a lot here as we are in investment but most people had to choose for a long-term investment that they can possibly double or triple their investment in the future where ETH has the capability to make it possible. Defi projects may have but to find which one seems impossible.
Man, DeFi is still under the Ethereum network, you should know that DeFi hitches a ride in the Ethereum pool, so to replace ethereum is a very imprecise statement. because if DeFi has to replace Ethreum, it means DeFi has to go out and create its own line. In simple terms Ethreum should get rid of DeFi first. or should it be like the coup in Myanmar. LOL
It will help if you can be more specific in your enquiry, if you mean a defi project well I can't say yes or no because the space is evolving every day and we have some fantastic project in the likes of avax, dot, sol that seem like a good competitor to eth, eth is not just a yesterday's coin, this project has been in existence for years now and has gain respect and trust from people.
right but lately with the cost of GAS which is often a topic of problem for Eth, will it still have a sense of respect? maybe for wholesalers like you yes, but for us this is very torturous. to be honest as small traders we feel isolated from Eth at the moment.
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
^ Defi projects are nothing if you will be compared to the ETH. Everything depended on the ETH and they are all forked to the ETH network.thoughts
How come the Defi projects will compete with ETH? All Defi projects are based on the ETH network and how come they will overpass the network.
It happens they only trending projects now just because of BSC and most commonly traders are on Binance, but all of them will not work without the ETH network. That is the reason until now ETH was in a heavy traffic transaction and it becomes expensive fees.
You mean DeFi projects.
Nothing can replace Ethereum just yet. Even Binance Smart Chain is having trouble to surpass it.
Maybe if something new will come up that will have the whole support of the crypto currency community then it might change.
But for now, even with high fees and slow transactions, Ethereum will remain at the top of altcoin names.
Being early has its perks too.
Nothing can replace Ethereum just yet. Even Binance Smart Chain is having trouble to surpass it.
Maybe if something new will come up that will have the whole support of the crypto currency community then it might change.
But for now, even with high fees and slow transactions, Ethereum will remain at the top of altcoin names.
Being early has its perks too.
I think you misunderstood a few things regarding Defi OP.
The hpye of Defi (decentralized finance) started with projects that were built on the ethereum Blockchain. So it's not Defi or Ethereum.
More true is Defi = Ethereum. In the recent weeks and months there were also more Defi projects launching on Binance smart chain for example because the fees on the Ethereum Network are pretty high at the moment.
But updates are coming to adress that problem pretty soon.
So Defi will not replace ETH it will make it even more needed and important.
The hpye of Defi (decentralized finance) started with projects that were built on the ethereum Blockchain. So it's not Defi or Ethereum.
More true is Defi = Ethereum. In the recent weeks and months there were also more Defi projects launching on Binance smart chain for example because the fees on the Ethereum Network are pretty high at the moment.
But updates are coming to adress that problem pretty soon.
So Defi will not replace ETH it will make it even more needed and important.
Do you realize what you are even asking?
Bitcoin was decentralized finance. DeFi was just a term created.
DeFi protocols who call themselves as such are built on other networks and right now the majority of it resides on Ethereum. Why do you think gas fees have become so crazy lately:)
Bitcoin was decentralized finance. DeFi was just a term created.
DeFi protocols who call themselves as such are built on other networks and right now the majority of it resides on Ethereum. Why do you think gas fees have become so crazy lately:)
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
thoughts
My thought is that you have no idea or understanding what you're talking about, and this is just a shitpost....
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
thoughts
De-fi is very popular among crypto players. but that doesn't mean De-fi will compete with eth. both platforms have their own charm. for eth remains irreplaceable apart from btc
what a shit-post, DeFi will not compete with Ethereum, it is built on Ethereum, and most traffic is done on Ethereum
nevertheless, there are DeFi project on Binance Smart Chain as well, and others are trying to get their skin in the game, but from your post could be seen that you do not understand the difference between DeFi as a term and platforms on which DeFi projects are working
it is a complement, not competition
What are you comparing? why compare an entire sector in this market with a coin. Though trying to understand you better, you are probably confusing the concepts in this dimension.
Defi it also includes many blockchain platforms combined, not just ERC20, maybe at first ERC20 is the easiest place to start to understand more about this field, but it is being strongly competed by other platforms in defi space. Comparing the BSC vs ERC20 sounds more plausible.
Defi it also includes many blockchain platforms combined, not just ERC20, maybe at first ERC20 is the easiest place to start to understand more about this field, but it is being strongly competed by other platforms in defi space. Comparing the BSC vs ERC20 sounds more plausible.
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
thoughts
First of all, DeFi is not a cryptocurrency, it is an ecosystem that is running on the Ethereum blockchain. There are projects that are using this ecosystem and people who have invested in those projects are making good money.
Yes, there are projects like YFI which have more USD value than ETH but you should remember these projects cannot survive without ETH unless they create their own blockchain.
I don't think so since defi project are just new in the crypto market and many people are not familiar with it while ethereum is already built its name and credibility that is why a lot of people are trusting it, in fact most of the newly established project now are eth based token so replacing eth is quite far to happen.
Do you realize that Ethereum is a blockchain that being use by DeFi project as platform for there product? They are not competitors but rather partners. So there is no way that ETH will overtake by DeFi project. Project that can overtake ETH are those Blockchain-based project too that can cater DeFi project like Tron, BSC, EOS and many more.
You should DYOR as well as the OP.
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
DeFi projects mostly are built on the Ethereum network, the ERC-20 chain. Do you think that they will replace Ethereum when they depends on ERC-20 chain?If a project is better than Ethereum, it would have its own blockchain and its protocol must be better than Ethereum Protocol. A project does not have two factors can not be better than Ethereum and can not kill or replace Ethereum.
I don't think so since defi project are just new in the crypto market and many people are not familiar with it while ethereum is already built its name and credibility that is why a lot of people are trusting it, in fact most of the newly established project now are eth based token so replacing eth is quite far to happen.
VitalikButerin
https://twitter.com/VitalikButerin/status/1300606241165570048
The defi market will grow. Cross-chain platforms will soon appear that will allow the movement of assets between the largest Bitcoin blockchains - Binance Smart Chain - Ethereum - TRX Network - Polkadot.
There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.
https://defipulse.com/
Just to build on this comment. DeFi isn't a new crypto but it is building on existing blockchain like Ethereum and other emerging ones like Polkadot etc. DeFi is to bridge these blockchain together for the sake of easy transfer between assets a process coined as inter-chain operability. So, no DeFi can't replace Ethereum. https://twitter.com/VitalikButerin/status/1300606241165570048
The defi market will grow. Cross-chain platforms will soon appear that will allow the movement of assets between the largest Bitcoin blockchains - Binance Smart Chain - Ethereum - TRX Network - Polkadot.
There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.
https://defipulse.com/
Correct, maybe the OP really misunderstood the whole Defi thingy because it is taking the altcoin market with it to the next level. And with that said, it won't replace Ethereum, it's interesting though that there are a lot of competitors like Binance BSC that is inching closer to the dominance of Ethereum as far as smart contract and dapps is concern.
So if there is some altcoins that can replace Ethereum, BNB could be one, and so is DOT.
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
thoughts
what did you mean buddy ? as i know a lot of defi project born in ethereum network
thats mean defi is a part from ethereum, and because of the hype on defi-type project ethereum price growing now
so, its very unrealistic if de-fi will replace eth
thats right, defi is only a kind of trends in crypto industry, such as exchange coins in the past
just like now, a lot of people talk about a kind of NFT project mate
by the way, i agree with you @Kang TB, we can't say if defi can replace eth, because defi is a part of ethereum
VitalikButerin
https://twitter.com/VitalikButerin/status/1300606241165570048
The defi market will grow. Cross-chain platforms will soon appear that will allow the movement of assets between the largest Bitcoin blockchains - Binance Smart Chain - Ethereum - TRX Network - Polkadot.
There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.
https://defipulse.com/
Just to build on this comment. DeFi isn't a new crypto but it is building on existing blockchain like Ethereum and other emerging ones like Polkadot etc. DeFi is to bridge these blockchain together for the sake of easy transfer between assets a process coined as inter-chain operability. So, no DeFi can't replace Ethereum. https://twitter.com/VitalikButerin/status/1300606241165570048
The defi market will grow. Cross-chain platforms will soon appear that will allow the movement of assets between the largest Bitcoin blockchains - Binance Smart Chain - Ethereum - TRX Network - Polkadot.
There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.
https://defipulse.com/
I don't think so because De-Fi projects/tokens are not yet credible and effective in the market. There are a lot of people still doubting about the effectivity and being legit of De-Fi projects so meaning its foundation is not yet build in crypto market so replacing eth is way more impossible to happen.
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
thoughts
what did you mean buddy ? as i know a lot of defi project born in ethereum network
thats mean defi is a part from ethereum, and because of the hype on defi-type project ethereum price growing now
so, its very unrealistic if de-fi will replace eth
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
thoughts
Did the white stone, replace the white pearl !! Not possible one. This is my personal opinion about this. It may vary to person to person.The high gas fee of Ethereum is a flaw for now with Ethereum. Incase it was solved soon. No new coin or platform like defi will take over the Ethereum place.The trading of Ethereum is keep increasing with the pump in the price.
There are still people that don't understand the classification of defi and cryptocurrencies.
It will help if you can be more specific in your enquiry, if you mean a defi project well I can't say yes or no because the space is evolving every day and we have some fantastic project in the likes of avax, dot, sol that seem like a good competitor to eth, eth is not just a yesterday's coin, this project has been in existence for years now and has gain respect and trust from people.
He is generalizing the defi scene as the replacement for ETH but not knowingly that most of these projects were made on ETH's smart contract. I don't think any of those defi will replace ETH or has to be a competitor of it unless they'll follow the path of BNB, who became the rival now of ETH. There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.
Scams are an integral part of an upcoming market and hence all the new investors should be careful about the book of worms we are expected to see 
. Literally it is pleasing to the ears to hear about a global ecosystem but i doubt we will see a huge mess in the end and a few surviving in the end and do not forget about the regulations that might be having its foothold in the market as well.
It will help if you can be more specific in your enquiry, if you mean a defi project well I can't say yes or no because the space is evolving every day and we have some fantastic project in the likes of avax, dot, sol that seem like a good competitor to eth, eth is not just a yesterday's coin, this project has been in existence for years now and has gain respect and trust from people.
VitalikButerin
https://twitter.com/VitalikButerin/status/1300606241165570048
The defi market will grow. Cross-chain platforms will soon appear that will allow the movement of assets between the largest Bitcoin blockchains - Binance Smart Chain - Ethereum - TRX Network - Polkadot.
There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.
https://defipulse.com/
https://twitter.com/VitalikButerin/status/1300606241165570048
The defi market will grow. Cross-chain platforms will soon appear that will allow the movement of assets between the largest Bitcoin blockchains - Binance Smart Chain - Ethereum - TRX Network - Polkadot.
There will be scams, hacker attacks, but in the end it will all become a large and large global ecosystem. I love seeing large exchanges like binance integrate into this ecosystem.
https://defipulse.com/
Fun fact: "DeFi" isn't a new cryptocurrency. "DeFi" is just what mETH-heads call the projects that run on Ethereum like Uniswap and MakerDAO despite them not actually being decentralized, but mostly just non-custodial.
As of now, Bitcoin is the only true "decentralized" finance project.
As of now, Bitcoin is the only true "decentralized" finance project.
Defi is the new and rising crypto like other altcoins but in the last few months it has been getting a lot of attention because of its affiliation directly with bitcoin and people are making alot of profit with the defi and in future it could give a real hard time to ETH and many other tough crytpo coins at east i think so
thoughts
thoughts
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