Knoqnoq Forum: Everything You Want to Discuss, Most Discussed in India
Search
Reply: 3

The programmable Layer 2 will unleash the asset potential of Bitcoin.

[Copy link]

605

Threads

1455

Posts

110K

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
17724
Post time 17-2-2024 21:49:08 | Show all posts |Read mode
In a recent TechFlow update, Muneeb.btc, co-founder of Stacks, shared on the X platform that programmable Layer 2 will fully unleash the asset potential of Bitcoin:

BitVM is changing the game, as it effectively moves trustless BTC to Layer 2.
The market size of Bitcoin Layer 2 could reach 100 billion USD.
Founders of some Bitcoin applications and protocols struggled to raise funds just six months ago, but now they are oversubscribed, with venture capital flowing into seed-stage investments in Bitcoin Layer 2 and applications.
Entities in the Stacks Layer 2 ecosystem have vested interests in the work of Layer 2 bridging based on BitVM. Millions of funds are expected to be invested in BitVM development in the future.
With the entry of new developers and capital, Bitcoin Layer 2 might quickly become the top vertical in the next cycle, with the anticipation of 3-5 new Layer 2 launches in the next 6 months and over 10 in the next 12-18 months.
As Layer 2 rises, Bitcoin's dominant position in the industry may further strengthen.
Reply

Use magic Report

253

Threads

715

Posts

6892

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
6892
Post time 17-2-2024 21:56:59 | Show all posts
It's necessary to understand the new rules as well.
Reply

Use magic Report

214

Threads

1726

Posts

9249

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
9249
Post time 17-2-2024 22:03:06 | Show all posts
It's worth taking a look and understanding every type of game.
Reply

Use magic Report

849

Threads

337

Posts

110K

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
13671
Post time 17-2-2024 22:11:38 | Show all posts
Playing games all the time is not good.
Reply

Use magic Report

You have to log in before you can reply Login | Register

Points Rules

Quick Reply To Top Return to the list