I sat down with Nazarov to understand the significance of the DECO acquisition and what this means for adoption outside of DeFi. While smart contracts have enormous potential with a broad range of uses, it has been in DeFiwhere they have had an overwhelming level of traction. In other words, DeFi is the tip of the iceberg for smart contracts’ capabilities. There’s little need for privacy in DeFi (save for the actual identities of token holders, which blockchain already obfuscates). This technology uses the same encryption that smart contracts and secure oracles rely on.

Source: Forbes August 29, 2020 15:39 UTC