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The Challenges and Sweet Spots of Building on Bitcoin
Manage episode 444178795 series 3590029
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Jedi hosts Chan, co-founder of ALEX, as they discuss the current state of blockchain, and decentralized finance (DeFi) with a focus on Bitcoin.
They discussed ALEX as a comprehensive ecosystem that includes multiple components, such as a decentralized exchange (DEX), lending and borrowing platforms, and a cross-chain liquid layer to bring DeFi to Bitcoin.
The conversation delves into the challenges of building on Bitcoin, including the lack of smart contract capability and the need for bridging between different blockchains.
Chan also discusses the importance of user experience and the need for permissionless trading environments.
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