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Until recently, the Bitcoin ecosystem hasn’t seen much development. Now it is rapidly evolving, with numerous projects aiming to enhance Bitcoin’s scalability and functionality. In this early stage, there are many methods being tried out to expand Bitcoin’s rather limited capabilities from sidechains to layer twos (L2). One of the more novel approaches is TRAC … Read more
The Bitcoin Runes protocol initially dominated daily transactions post-launch but is now seeing a decline, with BTC reclaiming its network dominance. Go to Source
Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate. Go to Source
Bitcoin’s blockchain bandwidth usage surpasses 90% post-halving, driven by new token standards and increased transaction volume. Go to Source
Since April 2024, Runes have led Bitcoin network activity, outpacing both Ordinals and BRC-20 in transaction share. Go to Source
After the introduction of ordinals, BRC-20 tokens, and more recently, Runes, the next significant wave of innovation on Bitcoin will revolve around Decentralized Autonomous Organizations (DAOs). Aisling Connolly, the Senior Research Scientist at the Dfinity Foundation, has asserted this. He stated that the technology, which is now well-suited to support DAOs and the more mature … Read more
With Bitcoin transaction fees recently becoming a more critical component of miner revenue, Yves La Rose, CEO of Exsat, believes there is “an increased incentive to adopt and develop solutions that enhance transaction throughput and network efficiency.” According to La Rose, this can be achieved by integrating advanced layer two (L2) solutions which expand the … Read more
Runes continue to make up the vast majority of Bitcoin transactions; however, the fees earned by Bitcoin miners from Runes have slightly tailed off since the record-setting halving day. Go to Source
While the Bitcoin network is poised to see significant growth in its Layer-2 (L2) ecosystem, “finding an optimal mechanism to maintain finality” on the network remains an inherent limitation that prevents this from happening, Mithil Thakore, the co-founder and CEO of Velar, has said. Thakore also identified the yet-to-be-optimized “bridging of native Layer-1 (L1) assets … Read more
The possibilities for development on the Bitcoin network are expanding — and the BRC-20 ecosystem’s rapidly growing market cap reflects the new opportunities. Go to Source
