Today we’re talking with U-Zyn Chua, CTO and Lead Researcher for DeFiChain. U-Zyn was a software engineer in the early days of bitcoin, and it caught his attention right away. In 2010, he dove in, started mining, and started checking out wallets. U-Zyn went on to launch one of the earliest crypto exchanges in Asia in 2011. He ran that for a couple of years while investing in bitcoin. Over the years he continued to work on crypto and blockchain projects. In 2019, he would reconnect with an old colleague to found a company together. They would then go on to launch DeFiChain together as a totally decentralized blockchain. U-Zyn says ethereum allows anyone to build anything on it. For DeFiChain, creating native defi transactions have to have a native consensus on a blockchain to get verified. He says it makes it really safe and secure. U-Zyn and his co-founder think that defi will be the next step in the crypto space, and they want to make it really tight and secure

When it comes to wrapping tokens, the Ethereum side has a really mature system with tokens readily available. On DeFiChain they have to start wrapping tokens, so they have them to trade. Currently, tokens are wrapped and backed by native tokens. They’re backed one to one on a publicly verified address. U-Zyn says it’s only a stepping stone, and they hope to head towards all tokens being created in a totally decentralized manner. A bitcoin token that’s created on DeFiChain to be swapped in a totally trustless manner allows tokens to move freely.

Defi has many use cases. U-Zyn says that defi today brings about a whole different game on how crypto assets can be traded, which brings about a whole new way these can be transacted. On DeFiChain they launched a decentralized exchange back in November 2020 and already have close to three hundred and fifty million assets that are being locked up to use for trading. U-Zyn says their next vision is that defi shouldn’t be limited to crypto trading. He says we need to bring real world use cases to DeFiChain and one way to do so is to bring decentralized commodities and stocks on. They would be created by over-collaterizing assets on DeFiChain to allow it to be traded freely based on blockchain consensus. U-Zyn says they’re close to launching it in a few months.

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Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.