Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi

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Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi

Arthur Breitman, the co-founder of layer-1 protocol Tezos (XTZ), spoke with Cointelegraph’s Jackson DuMont on the Paris Blockchain Week Summit (PBWS) final week about what it will take to unlock the true potential of decentralized finance, or DeFi. Breitman delivered a keynote speech following this interview concerning the firm’s technique.

Associated: Paris Blockchain Week, April 14: Latest updates from the Cointelegraph team on the ground

In keeping with Breitman, “individuals have not actually tapped into DeFi for real-world property being tokenized.” When he says real-world property, he means shares, actual property, digital artwork or “something you’ll be able to consider.” Whereas calling for a merge of conventional monetary securitization and DeFi purposes, Breitman additionally believes that the financialization of nonfungible tokens (NFTs) “goes to be a giant factor.”

He added that as a result of appreciable hype round DeFi and NFTs in the intervening time, it is exhausting to find out what’s going to really be sustainable. The hype must settle earlier than DeFi’s true energy will be unlocked as a result of “The purpose of DeFi can’t simply be to commerce DeFi tokens,” he mentioned.

Moreover, Breitman affirmed that the consolidation of layer-1 applied sciences is coming: “There is a gigantic untapped universe on the market and everybody has a whole lot of room to develop. We’re going to see a whole lot of convergence within the design of blockchains.” 

When requested concerning the scalability, decentralization and safety trilemma, Breitman is certain it may be solved. He acknowledged that Tezos’ method to scaling entails Optimistic Rollups, a layer-2 resolution that helps very high-throughput use instances. Breitman mentioned that Optimistic Rollups could supply the important thing to each the horizontal and the vertical scalability of blockchain networks.

Associated: Algorand founder Silvio Micali wants to usher in the democratization of finance

On the finish, Breitman pointed viewers who’re thinking about studying extra about Tezos’ scaling efforts to its 2022 roadmap. He additionally expressed his pleasure for the gaming sector and Tezos’ blockchain gaining initiatives.