DeFiChain (DFI) emerges as a blockchain platform meticulously constructed with the aim of unlocking the full potential of DeFi within the Bitcoin (BTC) ecosystem. Powered by a distributed network of computers, this software platform is engineered to facilitate swift and transparent transactions. The development team positions DeFiChain as a trailblazing blockchain initiative, offering solutions to pivotal challenges such as scalability, security, and decentralization. Launched in the autumn of 2019, the project sets out to provide financial services akin to those traditionally offered by commercial banks, encompassing borrowing, lending, investing, and fund management. However, a fundamental distinction lies between DeFiChain and conventional banking networks: DeFiChain operates as a decentralized platform. This decentralized nature bestows several advantages, including immunity to control by authorities or entities, and the opportunity for anyone to partake in the launch of the network protocol. All participants in the process receive DFI tokens, thereby fostering a collaborative ecosystem. The DeFiChain platform delivers fast, transparent, and decentralized financial services, rooted in a software fork of Bitcoin and tethered to the Bitcoin blockchain through periodic Merkle root updates. Transactions on DeFiChain are non-Turing complete, ensuring swiftness, efficiency, low gas costs, and mitigated risks of smart contract errors. Among its initial offerings, DeFiChain features lending, token wrapping, pricing oracles, exchanges, asset tokenization, dividend distribution, and more. The founders of DeFiChain include Dr. Julian Hosp and U-Zyn Chua, both pivotal figures in the crypto industry. Dr. Hosp, renowned for his influence and expertise in the crypto sphere, serves as the co-founder and CEO of Cake DeFi. U-Zyn Chua, also a co-founder of Cake DeFi, holds the role of Chief Technical Officer (CTO) and researcher at DeFiChain, in addition to his responsibilities as Chief Engineer at Zynesis and a blockchain advisor to the Singapore government. What sets DeFiChain apart is its aim to address challenges inherent in existing blockchain platforms like Bitcoin and Ethereum. DeFiChain achieves this through the following means: Establishing a blockchain platform tailored for DeFi applications, grounded in Bitcoin to ensure robust security. Implementing a hybrid proof of stake (PoS)-proof of work (PoW) consensus mechanism for network operations. The benefits of DeFiChain are manifold: Provision of a comprehensive suite of financial asset classes in a permissionless and borderless manner. Support for a wide range of cryptoeconomic financial transactions. High throughput for all transactions. Attainment of a high level of security through its hybrid consensus mechanism and non-Turing complete transactions. Empowerment of developers to create DeFi applications on a single chain. Establishment of a reliable and decentralized governance system. The circulating supply of DeFiChain (DFI) coins, the native unit of account for the DeFiChain platform, is capped at 1.2 billion. These tokens serve multiple functions, including payment for transaction fees, governance participation, and collateral for borrowing other crypto assets. Notably, 49% of the total supply is allocated to the DeFiChain Fund, while the remaining 51% is gradually issued to masternode holders over time. Security measures on the DeFiChain network are robust. The platform's smart contract programming language is non-Turing complete, enhancing safety. Additionally, DeFiChain is intertwined with Bitcoin for security purposes, regularly storing cryptographic snapshots of its network state on the Bitcoin blockchain. Furthermore, DeFiChain employs a hybrid PoW-PoS consensus mechanism, combining the strengths of both approaches. DeFiChain (DFI) tokens are available for purchase on prominent cryptocurrency trading platforms such as Bittrex, KuCoin, Uniswap (V2), DeFiChain DEX, Hotbit, LATOKEN, Bitrue, and the mobile app from DFX.SWISS. Alternatively, individuals can acquire DFI tokens directly through the Cake DeFi platform, albeit potentially at slightly higher prices compared to crypto exchanges.