Originally published on: December 09, 2024
The recent Bitcoin MENA conference in Abu Dhabi on Dec. 9 brought together key players in the blockchain industry 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, shared valuable insights about Bitcoin-based DeFi (BTCFi) and the platform’s unique approach to security.
Core DAO stands out as a layer-1 (L1) blockchain that combines Bitcoin’s security features with Ethereum Virtual Machine (EVM) compatibility to enhance the DeFi ecosystem.
Bendjemil emphasized Core DAO’s mission to build trust in DeFi systems by integrating financial solutions with Bitcoin’s security mechanisms, a move that could catalyze widespread adoption of blockchain technology.
One notable distinction of Core DAO is its integration of Bitcoin into its operations, setting it apart from other DeFi platforms like Ethereum and BNB Chain. By leveraging EVM-compatible technologies, the platform aims to improve accessibility and adoption rates.
Bendjemil highlighted the platform’s “boring is good” philosophy, underscoring the importance of a battle-tested approach to security. Core DAO prioritizes a “security-first” strategy by employing technologies like Solidity and rigorous audits to mitigate risks associated with DeFi protocols.
Emphasizing the crucial link between protocol safety and long-term adoption, Bendjemil stressed that security is paramount in building trust within the blockchain community. He added that holding BTC remains a winning strategy in the realm of digital assets.
Balancing technological advancements, security measures, and stability, Core DAO is actively advancing the DeFi landscape through BTCFi innovations while adhering to a proven framework.
As the market enters a parabolic phase, renowned investor Raoul Pal predicts a local peak of $110,000 for Bitcoin in the current cycle. Pal’s analysis indicates that the market will experience fluctuations before potentially surpassing this peak in the third quarter of 2025.
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