Difference between revisions of "FAQ"
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Ethereum was meant to be a general purpose platform. In principle, one could do anything with Ethereum, rendering it the jack of all trades but master of none. Problems such as the DAO and parity hack reveal the challenge to keep smart contracts secure, due to their general, universal, and Turing-complete nature. | Ethereum was meant to be a general purpose platform. In principle, one could do anything with Ethereum, rendering it the jack of all trades but master of none. Problems such as the DAO and parity hack reveal the challenge to keep smart contracts secure, due to their general, universal, and Turing-complete nature. | ||
| − | + | === DEX Fee Structures === | |
| + | Detailed Information on the DEX fee structure you can find [[DEX Fee structure|here]]. | ||
== Problems with the Wallet APP == | == Problems with the Wallet APP == | ||
* [[How_to_"rescue"_stuck_DFI|Help I can't send my DFIs from the Wallet anymore!]] | * [[How_to_"rescue"_stuck_DFI|Help I can't send my DFIs from the Wallet anymore!]] | ||
* [[Addresses gone after wallet restore?]] | * [[Addresses gone after wallet restore?]] | ||
Revision as of 18:55, 7 August 2022
Here you can find an overview of the most frequently asked questions.
General FAQ
What is DeFiChain?
DeFi stands for Decentralized Finance. It describes the idea removing the trusted third-party to execute financial services, with a blockchain in its place to enable people, and in the future, machines to become their own bank for these services, removing counterparty risks.
Here you can find the actual overview of the DeFiChain ecoystem.
Why not use the Bitcoin blockchain?
The Bitcoin blockchain was created for a single specific financial service – the decentralized and censorship-resistant store of value used as a medium of exchange, and perhaps a unit of account in the future. It does this better than other blockchains. However, beyond that, it lacks technical capabilities necessary for the infrastructure of other DeFi services.
Why not use the Ethereum blockchain?
Ethereum was meant to be a general purpose platform. In principle, one could do anything with Ethereum, rendering it the jack of all trades but master of none. Problems such as the DAO and parity hack reveal the challenge to keep smart contracts secure, due to their general, universal, and Turing-complete nature.
DEX Fee Structures
Detailed Information on the DEX fee structure you can find here.
