COINS, founder of the hearing in Bitcointalk BBS and said a waste of the energy currency in the little brother first argues:
"The value of The payment network formed by bitcoins is much greater than The electricity bills consumed by mining,, and no bitcoins is a net term."
Translation: "the currency of payment network is greater than the value of mining the consumed electricity, no currency is net waste,

Analyze this sentence, dig dug gold COINS and a bit like, the marginal cost of mining gold often close to the price of gold, gold mining is a kind of waste, but this waste far less than the value of gold as a medium of exchange, the currency to realize the value of the exchange will cost far more than electricity, it also explains the currency value is derived from the basis of the actual power consumption,

01
DeFi ecological tokens based value
Value on the analysis to some things, we often use the idea is to analysis it consumed the amount of labor; In most of the monetary system DeFi ecological tokens, for example, money seems to be no COINS that actual consumption, so its value is derived from the basis of what?

DeFi monetary base value is only one, is the use value of its currency,
1
Business model
Related business of tokens in the DeFi overturns existing financial organizational structure and business model, to achieve "went to the bank of the harmony from the melt,"
2
Expand consensus
Improve the BTC, ETH mainstream digital currency liquidity and expand the value identity, prompting them to eventually become stable "currency", build a new business and financial system,
3
Improve asset utilization
Borrowing flow path, the perfect application block chain assets increased asset utilization,
4
The market effect
Drive the decentralized options, futures, funds the vigorous development of various financial application, bring new breakthrough for practical application block chain,

02
Decentralized exchange DEX
Under this background, the birth of block chain in the world - by far the greatest application decentralized exchange DEX,


Stock exchange

DEX is based on block chain exchange, it is not the user capital and personal data stored on the server, just as the match digital assets transaction block chain infrastructure, is a smart fix assets exchange contracts,

Because of the particularity of intelligent contracts, let people prefer to trust smart contract itself, rather than the owner of the server, the emergence of DEX broke the traditional block chain assets exchange exchange the phenomenon of monopoly, head on DEX any assets can be freely exchanged, there are no complicated audit mechanism, also to completely eliminate the possibility of exchange control market,

03
DeFi reality mapping
DeFi do one thing at a time, and moved to block the exchange chain in the world, is worth us to imagine at this time, what business we are not in block chain implementation:

1
Block chain mapping real stock
2
Completely decentralized insurance settlement
3
Sovereign currency
3
Without access to various distribution system
5
Completely TOR the world of the Internet

Above DeFi temporarily also can't do, in general, centralized exchange trading experience, in addition there are DeFi requires the user to provide liquidity, the ceiling of the liquidity problems, it has a long way to go, the future will there be new technology platform, solving DeFi in liquidity, limit orders, the speed of all kinds of problems, let's wait and see,



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The related resources
WIsdom of Chain and Chain document repository:
https://docs.wisdchain.com/#/
Wisdom Chain website:
https://wisdchain.io/
Wisdom Chain technology BBS:
http://tech.wisdchain.io/
Wisdom Chain open source code library:
https://github.com/WisedomChainGroup
Wisdom Chain block browser:
https://scan.wisdchain.com