Quick TakeDeFiChain is a Bitcoin sidechain that uses a Proof-of-Stake (PoS) consensus model while incorporating certain Proof-of-Work (PoW) elementsDeFiChain has over 11,000 masternodes, a good indicator of decentralization, though not all of them are operated by unique individualsDeFiChain has non-Turing complete smart contracts which have been used to program an automated market maker and loan vaults for borrowingDespite the robust development of DeFiChain features, there have been significant challenges to overcome, such as the constant de-pegging of DeFiChain’s native stablecoin, DUSD
