Mainstream DeFi Blocking Programming Language According to Cointelegraph

The mainstream DeFi blocking programming language

Decentralized Finance (DeFi) is developing rapidly. Total value locked up, a measure of the amount of money managed by DeFi protocols, has grown from $10 billion to a little over $40 billion over the past two years after peaking at $180 billion.

Total value locked in DeFi as of November 2022. Source: DefiLlama

The elephant in the room? More than 10 billion USD has been lost by hacking and mining exclusively in 2021. Feed that elephant: Today’s smart contract programming languages ​​don’t offer the full range of features for creating and managing assets — also known as “tokens.” For DeFi to go mainstream, programming languages ​​must provide asset-oriented features to make DeFi smart contract development more secure and intuitive.

Total assets of global financial institutions from 2002 to 2020. Source: Statista

far berth is the head of collaboration at RDX Works, the core developer of the Radix protocol. Prior to RDX Works, he held management positions at PwC and Deloitte, where he served clients on matters related to financial technology governance, auditing, risk management and regulation. He holds a bachelor of arts degree in geography and economics and a master’s degree in analysis and mapping software from the University of Leeds.

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