Current Challenges

Describes the current challenges in the Ethereum ecosystem.
  • While Bitcoin makes up 60-80% of the market, the smart contracts dominate Decentralized Exchanges (DEXs), digital swaps, derivatives, and micro banking applications.

  • Lack of a proper decentralized bridge to transfer Bitcoin value into an ERC20 token makes up a pittance of BTC’s market value.

  • The centralized exchanges and systems exponentially increase counterparty risk of theft or loss and an inefficient transfer of value resulting in price slippage.

  • Institutions entering the market demand higher standards of custody for their Bitcoin