Justin Bons, founder of Cyber Capital, Europe’s oldest cryptocurrency fund, claimed that leading cryptocurrencies, especially Bitcoin (BTC), have lost their decentralized structure.
Justin Bons is a recent social media in sharing, bitcoin, Ripple (XRP), Binance Coin (BNB) And Stellar’s (XLM) claimed that they lost their decentralized structure. These cryptocurrencies “has permission to access” Stating that they have come under the control of central authorities due to the blockchain architecture, Bons said that Bitcoin has the ability to produce complex financial products. does not have the capacity stated.
In the continuation of his statement, the founder also gave examples of products that still maintain their decentralized structure. Among these products Ethereum (ETH), Cardano (ADA), Polkadot (DOT), Avalanche (AVAX), NEAR Protocol (NEAR), MultiversX (EGLD) And Tezos (XTZ) Bons, who claimed that the
BTC, XRP, BNB and XLM are not DeFi! “De” stands for decentralization and “Fi” stands for finance. BNB, XRP and XLM are decentralized due to their permissioned blockchain architectures. BTC is not capable of producing complex financial products ETH, ADA, DOT, AVAX, NEAR, EGLD and XTZ are all DeFi products!