What is DeFiChain?

DeFiChain is a decentralized blockchain platform established to facilitate financial services with speed and transparency. Unlike many other decentralized finance projects, DeFiChain is built as a software fork of Bitcoin and is anchored to the Bitcoin blockchain at regular intervals to enhance security. The platform opts for a non-Turing complete architecture that aims to minimize smart contract errors, ensuring reliability in financial transactions.

The native functionality of DeFiChain is focused on decentralized finance applications, leveraging specific op codes that restrict operations to finance-related activities. Upcoming features include decentralized lending, token wrapping, pricing oracles, exchanges, asset tokenization, and yield farming, among others. The design intent is to keep the ecosystem targeted towards financial transactions, potentially reducing congestion and high transaction fees commonly associated with non-financial dapps.