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)

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6
Stacks
StacksSTX #32
Twitter
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)
Stacks
StacksSTX #32
Twitter
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)
Stacks
StacksSTX #32
Twitter
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:
Stacks
StacksSTX #32
Twitter
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)
Stacks
StacksSTX #32
Twitter
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)
Stacks
StacksSTX #32
Twitter
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)