@laughingllama
The next phase will involve utilizing Bitcoin as a yield-generating asset, leveraging the substantial BTC holdings of these institutions.
On this front, the most significant infrastructure push so far is BitVM.
This system has enabled smart contracts with full programmability on Bitcoin, which in turn facilitates advanced DeFi protocols, rollups, and secure bridges without altering the network's consensus rules.
As such, there have been many new Bitcoin rollups, which are now looking more promising than "mere sidechains".
0 reply
0 recast
0 reaction