Bitcoin is the world's most renowned and liquid cryptocurrency. Still, the landscape for Bitcoin applications is underdeveloped.
09 Dec 2023, 21:23
Bitcoin is the world's most renowned and liquid cryptocurrency 🟧
Still, the landscape for Bitcoin applications is underdeveloped.
But there's a promising future with Bitcoin layers on the horizon 🌱
Learn about how L2 solutions can maximize Bitcoin's capabilities 👇 (1/7)
Same news in other sources
6StacksSTX #32
09 Dec 2023, 21:23
But what can you do with Bitcoin layers? 🤔
Because Bitcoin's smart contracts are limited, making complex dApps is tricky
Now, with L2s, you can create a whole DeFi world, from BTC borrowing and lending to trading derivatives! (5/7)
But what can you do with Bitcoin layers. Because Bitcoin's smart contracts are limited, making complex dApps is tricky.
But what can you do with Bitcoin layers? 🤔
Because Bitcoin's smart contracts are limited, making complex dApps is tricky
Now, with L2s, you can create a whole DeFi world, from BTC borrowing and lending to trading derivatives! (5/7)
StacksSTX #32
09 Dec 2023, 21:23
In conclusion, L2s empower us to scale Bitcoin and explore new Bitcoin use cases
Soon, new applications and communities will thrive on Bitcoin
Get ready for the resurgence of the Bitcoin builder ethos! (7/7)
In conclusion, L2s empower us to scale Bitcoin and explore new Bitcoin use cases.
In conclusion, L2s empower us to scale Bitcoin and explore new Bitcoin use cases
Soon, new applications and communities will thrive on Bitcoin
Get ready for the resurgence of the Bitcoin builder ethos! (7/7)
StacksSTX #32
09 Dec 2023, 21:23
Moreover, with sBTC coming on Stacks, it will make BTC a fully programmable asset
It paves the way for a complete DeFi playground to scaling Ordinals and BRC-20 tokens. (6/7)
Learn more about sBTC here:
Moreover, with sBTC coming on Stacks, it will make BTC a fully programmable asset.
Moreover, with sBTC coming on Stacks, it will make BTC a fully programmable asset
It paves the way for a complete DeFi playground to scaling Ordinals and BRC-20 tokens. (6/7)
Learn more about sBTC here:
StacksSTX #32
09 Dec 2023, 21:23
But do we actually need Bitcoin L2s? 🤔
BRC-20 tokens and Ordinals' rapid adoption are proof we need L2s
They caused long transaction confirmation times and fees spikes
L2s aim to increase Bitcoin scalability and create a suitable environment for Apps development. (3/7)
But do we actually need Bitcoin L2s. BRC-20 tokens and Ordinals' rapid adoption are proof we need L2s.
But do we actually need Bitcoin L2s? 🤔
BRC-20 tokens and Ordinals' rapid adoption are proof we need L2s
They caused long transaction confirmation times and fees spikes
L2s aim to increase Bitcoin scalability and create a suitable environment for Apps development. (3/7)
StacksSTX #32
09 Dec 2023, 21:23
So, what is a Bitcoin Layer 2?
It's a network operating on top of the Bitcoin L1, inheriting the security of mainnet 🔒
L2s enable Bitcoin to achieve scalability while preserving decentralization and security
They also open up new use cases and a smoother experience. (4/7)
So, what is a Bitcoin Layer 2. It's a network operating on top of the Bitcoin L1, inheriting the security of mainnet.
So, what is a Bitcoin Layer 2?
It's a network operating on top of the Bitcoin L1, inheriting the security of mainnet 🔒
L2s enable Bitcoin to achieve scalability while preserving decentralization and security
They also open up new use cases and a smoother experience. (4/7)
StacksSTX #32
09 Dec 2023, 21:23
Firstly, what are Bitcoin mainnet constraints?
- Block times are averaging 10 minutes⌛️
- Block size is pretty constraint
- Purposely Limited scripting capability
L2s offer faster block times, lower transaction costs, and extended capabilities ⏩ (2/7)
Firstly, what are Bitcoin mainnet constraints. - Block times are averaging 10 minutes️. - Block size is pretty constraint.
Firstly, what are Bitcoin mainnet constraints?
- Block times are averaging 10 minutes⌛️
- Block size is pretty constraint
- Purposely Limited scripting capability
L2s offer faster block times, lower transaction costs, and extended capabilities ⏩ (2/7)