It’s not just scalability: could a new smart contract development paradigm be the key to unlocking mainstream DeFi?
The beating heart of any ecosystem of decentralized applications, DApps, is its underlying technology stack. For Ethereum (ETH), this is its “Nakamoto” consensus, Ethereum Virtual Machine (EVM) execution environment, and Solidity programming language. Together, these technologies have allowed smart contract developers to propel decentralized finance (DeFi) from concept to reality.For DeFi to make the next leap – to mainstream adoption – scalability is the technological requirement that garners the most attention. But an often overlooked but equally important aspect of layer-one platforms is their approach to smart contract development. While Solidity and the EVM are the core technologies that allowed Ethereum to unquestionably be DeFi’s pioneer, pioneers are also the ones to make all the mistakes. Ever
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