Approaching the BTC halving, a pivotal event in crypto.
Put simply, halving cuts mining rewards in half.
What to expect:
- Inflation rate decreases by half
- BTC price could hit new all-time highs
- Mining farms adjust operations or pivot to other coins using POW
- Ultimately, BTC growth could spark an altseason
Put simply, halving cuts mining rewards in half.
What to expect:
- Inflation rate decreases by half
- BTC price could hit new all-time highs
- Mining farms adjust operations or pivot to other coins using POW
- Ultimately, BTC growth could spark an altseason
Bitcoin Halving has intensified competition among miners by reducing rewards to 3.125 BTC.
Even though revenues for miners have been soaring, decreasing hash prices post-halving have impacted earnings.
The pressure on profitability has escalated due to a significant drop in transaction fees, heightening the stakes as the halving approaches.
With the Bitcoin network's hashrate on an upward trend, more miners are vying for the same rewards, making the competition even more cutthroat.
In response to these challenges, some miners have ramped up BTC sales, culminating in daily sales to OTC desks peaking at 1.6K Bitcoin in late March - the highest volume since August 2023.
Even though revenues for miners have been soaring, decreasing hash prices post-halving have impacted earnings.
The pressure on profitability has escalated due to a significant drop in transaction fees, heightening the stakes as the halving approaches.
With the Bitcoin network's hashrate on an upward trend, more miners are vying for the same rewards, making the competition even more cutthroat.
In response to these challenges, some miners have ramped up BTC sales, culminating in daily sales to OTC desks peaking at 1.6K Bitcoin in late March - the highest volume since August 2023.
With Bitcoin's ecosystem growing extensively since the last halving, the upcoming one is poised to make a significant impact across the board.
Within the BTC ecosystem, my primary focus revolves around:
- Bitcoin Layer2
- BRCfi
- Memecoins
- Infrastructure
Within the BTC ecosystem, my primary focus revolves around:
- Bitcoin Layer2
- BRCfi
- Memecoins
- Infrastructure
The BTC ecosystem continues to evolve, with Ordinals playing a vital role in fostering the growth of the BRC-20 Ecosystem.
➜
The BRCfi narrative remains compelling, and I anticipate that numerous tokens will experience significant growth of 10-100x within the next two weeks.
For more insights and my top picks, explore my previous thread:
➜
The BRCfi narrative remains compelling, and I anticipate that numerous tokens will experience significant growth of 10-100x within the next two weeks.
For more insights and my top picks, explore my previous thread:
Today we're going to focus on new Layer 2 solutions for Bitcoin.
These solutions build on the core Bitcoin blockchain to provide faster transactions, reduce fees, and offer enhanced functionality.
Diverse options like sidechains, ZK Rollups, Optimistic Rollups, and platforms such as Stacks offer unique approaches to improving Bitcoin applications.
These solutions build on the core Bitcoin blockchain to provide faster transactions, reduce fees, and offer enhanced functionality.
Diverse options like sidechains, ZK Rollups, Optimistic Rollups, and platforms such as Stacks offer unique approaches to improving Bitcoin applications.
◢ @mvcglobal - $SPACE - $54M MC
MVC is a layer-one smart contract public blockchain with unlimited potential.
It is a revolutionary blockchain built on top of Bitcoin technology. However, unlike Bitcoin, MVC achieves unparalleled transaction speed, exponential scalability, extremely low fees, and maintains decentralization.
Not exactly L2 BTC, but very worthy of consideration.
MVC is a layer-one smart contract public blockchain with unlimited potential.
It is a revolutionary blockchain built on top of Bitcoin technology. However, unlike Bitcoin, MVC achieves unparalleled transaction speed, exponential scalability, extremely low fees, and maintains decentralization.
Not exactly L2 BTC, but very worthy of consideration.
◢ @BVMnetwork - $BVM - $130M MC
Bitcoin Virtual Machine is the first modular blockchain metaprotocol that lets you customize and launch your modular Bitcoin L2 blockchain with top-of-the-line modules, including:
- Rollup
- Data Availability
- Dapp modules like Uniswap, Compound
- NFT Marketplace
- Offering a new way to build a Bitcoin L2
Bitcoin Virtual Machine is the first modular blockchain metaprotocol that lets you customize and launch your modular Bitcoin L2 blockchain with top-of-the-line modules, including:
- Rollup
- Data Availability
- Dapp modules like Uniswap, Compound
- NFT Marketplace
- Offering a new way to build a Bitcoin L2
◢ @ElastosInfo - $ELA - $98M MC
Elastos is a blockchain system that uses a hierarchical structure with a main chain for ELA circulation and sidechains for DApps. It facilitates secure value transfer through a mechanism called Elastos main chain+sidechain transfer.
Arbitrators ensure security, and sidechains can use any consensus mechanism. Elastos also allows mutual transfers with other blockchain systems through cross-chain technology.
Elastos is a blockchain system that uses a hierarchical structure with a main chain for ELA circulation and sidechains for DApps. It facilitates secure value transfer through a mechanism called Elastos main chain+sidechain transfer.
Arbitrators ensure security, and sidechains can use any consensus mechanism. Elastos also allows mutual transfers with other blockchain systems through cross-chain technology.
Elastos`s Features:
• Smart Contracts and EVM Compatibility: Enhances interoperability with Ethereum Virtual Machine
• Decentralized P2P Network: Provides a decentralized internet service for nodes to operate in various internet-connected environments
• Foundational Services: Supports decentralized domain names, computation, and storage for DApp development
• Improved Consensus Mechanisms: POW-Based Sidechain simplifies dApp development
• DPOS-Based Sidechain: Introduces a DPOS consensus-based Sidechain.
• Sidechain nodes can access main chain's voting information for consensus
• Smart Contracts and EVM Compatibility: Enhances interoperability with Ethereum Virtual Machine
• Decentralized P2P Network: Provides a decentralized internet service for nodes to operate in various internet-connected environments
• Foundational Services: Supports decentralized domain names, computation, and storage for DApp development
• Improved Consensus Mechanisms: POW-Based Sidechain simplifies dApp development
• DPOS-Based Sidechain: Introduces a DPOS consensus-based Sidechain.
• Sidechain nodes can access main chain's voting information for consensus
◢ @naka_chain - $NAKA - $47M MC
Naka is a low-cost, lightning-fast Bitcoin Layer 2 blockchain designed for DeFi apps accepting Bitcoin payments for gas fees, equivalent to an EVM, allowing developers to migrate dapps from Ethereum to Bitcoin with minimal changes.
Naka team ships initial Bitcoin DeFi dapps, including swap, futures, staking, and launchpad. They will also release Developer APIs, SDKs, and tools for building more dapps, including lending, stablecoins, margin trading, and order book trading.
Naka is a low-cost, lightning-fast Bitcoin Layer 2 blockchain designed for DeFi apps accepting Bitcoin payments for gas fees, equivalent to an EVM, allowing developers to migrate dapps from Ethereum to Bitcoin with minimal changes.
Naka team ships initial Bitcoin DeFi dapps, including swap, futures, staking, and launchpad. They will also release Developer APIs, SDKs, and tools for building more dapps, including lending, stablecoins, margin trading, and order book trading.
◢ @mintlayer - $ML - $30M MC
Mintlayer is a Proof-of-Stake blockchain that acts as a sidechain to the Bitcoin network, providing direct BTC interoperability through Atomic Swaps. It simplifies DeFi activities by eliminating the need for wrapped Bitcoin or smart contract languages.
Mintlayer's UTXO-based blockchain integrates tokenization, paving the way for future DeFi applications, including real-world asset tokenization.
Mintlayer's Feauters:
• Strengthened Consensus Framework
• Utilizes verifiable random functions for block generation.
• Prioritizes chain density over length, work, or stake.
• Compatibility with Lightning Network for swift transactions.
• Decentralized BTC Layer 2 operates on Proof of Stake blockchain model.
• Users can pay transaction fees in ML or any MLS-01 token.
Mintlayer is a Proof-of-Stake blockchain that acts as a sidechain to the Bitcoin network, providing direct BTC interoperability through Atomic Swaps. It simplifies DeFi activities by eliminating the need for wrapped Bitcoin or smart contract languages.
Mintlayer's UTXO-based blockchain integrates tokenization, paving the way for future DeFi applications, including real-world asset tokenization.
Mintlayer's Feauters:
• Strengthened Consensus Framework
• Utilizes verifiable random functions for block generation.
• Prioritizes chain density over length, work, or stake.
• Compatibility with Lightning Network for swift transactions.
• Decentralized BTC Layer 2 operates on Proof of Stake blockchain model.
• Users can pay transaction fees in ML or any MLS-01 token.
◢ @MapProtocol - $MAP - $90M MC
The Map Protocol Network is an EVM-compatible blockchain that supports heterogeneous blockchains and constructs a gas-efficient light-client verification network.
It provides essential omnichain infrastructure for interoperability among blockchain-based assets, storage, and computing. The network serves as a Web3 user gateway and developer portal, empowering users and developers to use and build cross-chain applications without trusting a central authority.
Map Protocol`s Feauters:
• Enhances compatibility with Ethereum Virtual Machine.
• Facilitates interoperability between assets.
• Broadens interoperability to include on-chain storage and computing resources.
• Enables cross-chain interoperability with BRC-201 tokens.
The Map Protocol Network is an EVM-compatible blockchain that supports heterogeneous blockchains and constructs a gas-efficient light-client verification network.
It provides essential omnichain infrastructure for interoperability among blockchain-based assets, storage, and computing. The network serves as a Web3 user gateway and developer portal, empowering users and developers to use and build cross-chain applications without trusting a central authority.
Map Protocol`s Feauters:
• Enhances compatibility with Ethereum Virtual Machine.
• Facilitates interoperability between assets.
• Broadens interoperability to include on-chain storage and computing resources.
• Enables cross-chain interoperability with BRC-201 tokens.
◢ @MerlinLayer2
Merlin Chain is a Layer2 Bitcoin platform that combines ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules to improve Bitcoin's native assets, protocols, and products on Layer1.
Merlin Chain aims to expand native innovation from Layer 1 to Layer 2, supporting all Bitcoin Layer 1 assets, building dApps with Bitcoin's 'fully on chain' spirit, and launching community-driven assets.
Merlin Chain's Features:
• Provides scalability and low fees.
• Supports popular Bitcoin protocols: BRC20, BRC420.
• Leverages ZK Rollup for efficiency.
• Enhances user base and accessibility via decentralized Oracles.
Merlin Chain is a Layer2 Bitcoin platform that combines ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules to improve Bitcoin's native assets, protocols, and products on Layer1.
Merlin Chain aims to expand native innovation from Layer 1 to Layer 2, supporting all Bitcoin Layer 1 assets, building dApps with Bitcoin's 'fully on chain' spirit, and launching community-driven assets.
Merlin Chain's Features:
• Provides scalability and low fees.
• Supports popular Bitcoin protocols: BRC20, BRC420.
• Leverages ZK Rollup for efficiency.
• Enhances user base and accessibility via decentralized Oracles.
On Merlin Chain, @SolvProtocol is worth looking at.
➜
Solv Protocol is a decentralized yield platform that tokenizes and aggregates high-quality yields from various industries, serving as a unified liquidity gateway to reduce barriers and costs for investment opportunities.
They recently launched a program to earn points for staking on their platform.
➜
Solv Protocol is a decentralized yield platform that tokenizes and aggregates high-quality yields from various industries, serving as a unified liquidity gateway to reduce barriers and costs for investment opportunities.
They recently launched a program to earn points for staking on their platform.
◢ @Stacks - $STX - $5B MC
Major OG BTC L2
Stacks is the top Bitcoin L2 layer, enabling developers to use Bitcoin as a secure base layer for apps and smart contracts.
It accelerates Bitcoin's scalability and programmability with fast blocks, Bitcoin-finality, and seamless decentralized BTC deposits and withdrawals. Stacks activates the Bitcoin economy, allowing users and developers to use BTC in apps and pay gas fees with BTC.
Stacks Features:
• Offers Proof-of-Transfer consensus, ensuring transactions settle to Bitcoin.
• Uses Clarity programming language for safe, decidable contracts.
• Provides knowledge of the full Bitcoin state.
• Stacks will be secured by Bitcoin's entire hash power in 2024.
• Includes sBTC, a 1:1 Bitcon-backed asset for smooth BTC movement.
• sBTC can be used to pay gas fees post-release.
• Stacks (STX) is the first token to hold an SEC-qualified sale.
Major OG BTC L2
Stacks is the top Bitcoin L2 layer, enabling developers to use Bitcoin as a secure base layer for apps and smart contracts.
It accelerates Bitcoin's scalability and programmability with fast blocks, Bitcoin-finality, and seamless decentralized BTC deposits and withdrawals. Stacks activates the Bitcoin economy, allowing users and developers to use BTC in apps and pay gas fees with BTC.
Stacks Features:
• Offers Proof-of-Transfer consensus, ensuring transactions settle to Bitcoin.
• Uses Clarity programming language for safe, decidable contracts.
• Provides knowledge of the full Bitcoin state.
• Stacks will be secured by Bitcoin's entire hash power in 2024.
• Includes sBTC, a 1:1 Bitcon-backed asset for smooth BTC movement.
• sBTC can be used to pay gas fees post-release.
• Stacks (STX) is the first token to hold an SEC-qualified sale.
◢ @build_on_bob
BOB is a platform that promotes DeFi and innovation in Bitcoin. It serves as a comprehensive toolkit for developers, facilitating seamless development and exploration.
The project uses the Ethereum Virtual Machine (EVM) to create and execute smart contracts, ensuring compatibility with existing developer tools, wallets, key block explorers, and data analytics infrastructure.
BOB`s Features:
• Focuses on scaling, user experience, security, privacy, rollup layer, and EVM compatibility.
• Offers features like account abstraction, smart contract wallets, and social recovery.
• Ensures privacy by preserving protocols and allowing confidential transactions.
• Can be rolled up to Ethereum for easy onboarding and security.
BOB is a platform that promotes DeFi and innovation in Bitcoin. It serves as a comprehensive toolkit for developers, facilitating seamless development and exploration.
The project uses the Ethereum Virtual Machine (EVM) to create and execute smart contracts, ensuring compatibility with existing developer tools, wallets, key block explorers, and data analytics infrastructure.
BOB`s Features:
• Focuses on scaling, user experience, security, privacy, rollup layer, and EVM compatibility.
• Offers features like account abstraction, smart contract wallets, and social recovery.
• Ensures privacy by preserving protocols and allowing confidential transactions.
• Can be rolled up to Ethereum for easy onboarding and security.
At the end of March, the project began the first season of their BOB Spice farm.
One should deposit & lock assets to harvest BOB Spice.
One should deposit & lock assets to harvest BOB Spice.
◢ @Photon_L2 - $PTON
Photon is a high-performance Bitcoin L2 that integrates optimistic execution, parallel processing capabilities, and data integrity. It builds on Bitcoin's secure L1 and aims to enable scalable decentralized applications, offering efficiency and flexibility comparable to Ethereum's ecosystem. Photon surpasses traditional L2 solutions.
Photon Mainnet will use Bitcoin and Celestia for data availability, enhancing security and cost efficiency. Data validation will be on Bitcoin, while Photon L2 will inherit its security and decentralization.
Launching soon.
Photon is a high-performance Bitcoin L2 that integrates optimistic execution, parallel processing capabilities, and data integrity. It builds on Bitcoin's secure L1 and aims to enable scalable decentralized applications, offering efficiency and flexibility comparable to Ethereum's ecosystem. Photon surpasses traditional L2 solutions.
Photon Mainnet will use Bitcoin and Celestia for data availability, enhancing security and cost efficiency. Data validation will be on Bitcoin, while Photon L2 will inherit its security and decentralization.
Launching soon.
◢ @bounce_bit - $BOUNCE
BounceBit is the first native BTC Restaking chain, offering a unique dual-token staking system that leverages Bitcoin's security while ensuring full Ethereum Virtual Machine compatibility.
This innovative platform secures its network by staking both Bitcoin and BounceBit tokens, providing a strong foundation for restaking products within the DeFi ecosystem.
BounceBit's Features:
• BTC Restaking Infrastructure: Secures restaking infrastructure for diverse products.
• Dual-Token Staking System: Validators stake BTC and BounceBit's native token, bridging Bitcoin and Ethereum ecosystems.
• CeFi + DeFi Yield Mechanism: Combines Centralized Finance and Decentralized Finance yield mechanisms.
• Secured Ecosystem Infrastructure: Restaked BTC secures critical infrastructure.
• Yield Earning Across Multiple Networks: Empowers BTC holders to earn yield across networks.
Launching soon.
BounceBit is the first native BTC Restaking chain, offering a unique dual-token staking system that leverages Bitcoin's security while ensuring full Ethereum Virtual Machine compatibility.
This innovative platform secures its network by staking both Bitcoin and BounceBit tokens, providing a strong foundation for restaking products within the DeFi ecosystem.
BounceBit's Features:
• BTC Restaking Infrastructure: Secures restaking infrastructure for diverse products.
• Dual-Token Staking System: Validators stake BTC and BounceBit's native token, bridging Bitcoin and Ethereum ecosystems.
• CeFi + DeFi Yield Mechanism: Combines Centralized Finance and Decentralized Finance yield mechanisms.
• Secured Ecosystem Infrastructure: Restaked BTC secures critical infrastructure.
• Yield Earning Across Multiple Networks: Empowers BTC holders to earn yield across networks.
Launching soon.
It's also worth noting these chains, some of which are still in their early stages. This can provide you with a significant advantage.
➜ @moleculebtc - first SolanaVM Bitcoin Layer 2
➜ @Dovi_L2 - a community-driven Bitcoin Layer2
➜ @TunaChain - the first modular Layer 2 on Bitcoin
➜ @AINNLayer2 - AI-driven modular L2 on Bitcoin
➜ @BSquaredNetwork - first Bitcoin DA Layer
➜ @babylon_chain - Bitcoin staking protocol
➜ @BotanixLabs - EVM L2 on Bitcoin
➜ @citrea_xyz - the first rollup of Bitcoin with zero-knowledge technology
➜ @BTClayer2 - EVM-compatible BTC Layer2 based on Taproot
➜ @nubit_org - first Bitcoin-native Data Availability Layer
➜ @Coredao_Org - a Bitcoin-powered, EVM-compatible blockchain
➜ @satoshivm - a contributor based Bitcoin ZK Rollup Layer 2
➜ @syscoin - a blockchain, extending Bitcoin's PoW to Web3 through DA & RolluxL2
➜ @GeliosOfficial - community-owned dApp Layer on Bitcoin Network
➜ @BiopDAO - first Bitcoin L2 based on Optimistic Rollup
➜ @RIFtechnology - the largest and longest running Bitcoin L2
➜ @moleculebtc - first SolanaVM Bitcoin Layer 2
➜ @Dovi_L2 - a community-driven Bitcoin Layer2
➜ @TunaChain - the first modular Layer 2 on Bitcoin
➜ @AINNLayer2 - AI-driven modular L2 on Bitcoin
➜ @BSquaredNetwork - first Bitcoin DA Layer
➜ @babylon_chain - Bitcoin staking protocol
➜ @BotanixLabs - EVM L2 on Bitcoin
➜ @citrea_xyz - the first rollup of Bitcoin with zero-knowledge technology
➜ @BTClayer2 - EVM-compatible BTC Layer2 based on Taproot
➜ @nubit_org - first Bitcoin-native Data Availability Layer
➜ @Coredao_Org - a Bitcoin-powered, EVM-compatible blockchain
➜ @satoshivm - a contributor based Bitcoin ZK Rollup Layer 2
➜ @syscoin - a blockchain, extending Bitcoin's PoW to Web3 through DA & RolluxL2
➜ @GeliosOfficial - community-owned dApp Layer on Bitcoin Network
➜ @BiopDAO - first Bitcoin L2 based on Optimistic Rollup
➜ @RIFtechnology - the largest and longest running Bitcoin L2
Join me on Telegram so you don't miss the future alphas:
◢ t.me
◢ t.me
I hope you've found this thread helpful.
Follow me @wacy_time1 for more.
Like/Repost the quote below if you can:
Follow me @wacy_time1 for more.
Like/Repost the quote below if you can:
Another typefully bug, sorry
Correct MC: $65M, previously wrote about this project when it was at $40M
Correct MC: $65M, previously wrote about this project when it was at $40M
جاري تحميل الاقتراحات...