The Bitcoin Meni conference in Abu Dhabi on December 9 brought together leading personalities from innovation blockchain to discuss the future of decentralized finance (DEFI) and blockchain security.
In an exclusive interview with Cointelegraph, Adam Bendjemil, responsible for the growth of the ecosystem at Core Dao, shared his ideas on the Bitcoin based DEFI (BTCFI) and his approach to security.
Core Dao is a layer 1 blockchain (L1) which integrates Bitcoin 
Btcusd Security with Ethereum Virtual Machine (EVM) compatibility to improve the DEFI ecosystem.
Bendjemil underlined Core Dao’s objective to increase confidence in DEFI systems by integrating its financial solutions to Bitcoin security measures, which could potentially lead to a wider adoption of the blockchain.
Defi on Bitcoin
Bendjemil explained how Core Dao differs from other DEFI platforms, such as those based on Ethereum and BNB Chain, integrating Bitcoin into its operations.
He underlined the dependence of the platform with regard to EVM compatible technologies to improve accessibility and adoption.
He explained that “Core is boring”, but “boring, it is good” because of his nature “tested in combat”, adding that he does not agree with the criticisms of the forking – a process of Creation of a new blockchain by copying the existing code:
“Where we feel comfortable, it is to integrate (users) into a protocol that has created something very successful, something that has proven itself, which has several times audited their own protocol with A code known to security companies (…) then add the Bitcoin button to IL. “
Security first, innovation then
Bendjemil said that Core Dao gives priority to a “focusing first” approach when it responds to security problems in DEFI, by opting for technologies such as Solidey and audits to minimize the risks associated with protocols Challenge.
He pointed out that the security of protocols is essential to establish long -term confidence and adoption, explaining that “adoptions go first with security” and that “holding BTC is a winning strategy”.
By focusing on these elements on the basis of a proven framework while gradually implementing new innovations via BTCFI, Bendjemil said that Core Dao endeavors to find a balance between technological development, security and global stability .
Could the BTC exceed $ 110,000 by January 2025?
According to the founder and CEO of Global Macro Investor Raoul Pal, the price of $ 110,000 is only a “local summit” for the current BTC cycle while entering the “parabolic phase” of the market cycle.
PAL explained that there had been “many imitations” of the company’s graphic describing the trajectory of the BTC prices and clarified the conclusions of the original GMI total liquidity index, the Bitcoin graph.
The original graphic indicates that the BTC will peak at nearly $ 110,000 by January 2025 before falling below 70,000 dollars by February 2005, which would only constitute “intermediate liquidity peak”, which should Increase again in the third quarter of 2025.
