Has Bitcoin's upgrade been successful? BTC will gain more Ethereum features.

Anil333

"● It's been nearly two years since Bitcoin's upgrade introduced Ordinals.
● With the network's growth, new use cases are continually expanding.
● Today, Bitcoin developers are working on building new applications.
● These could bring Ethereum-style functionality to the blockchain.

Many people often believe that Ordinals significantly increased the transaction volume on the Bitcoin network. Now, nearly two years after the first use of Ordinals in an upgrade, developers are using this technology to build Ethereum-style functionality into the blockchain.
But as Ethereum advances along its roadmap towards greater transaction volumes and more complex on-chain functions, does Bitcoin need to keep up?
How Ordinals Changed Bitcoin
Ordinals were first introduced in November 2021, enabling the numbering, identification, and inscription of individual Satoshis, where each Satoshi represents one hundred millionth of a Bitcoin.
Thanks to Ordinals, the cost of writing data onto the Bitcoin blockchain has significantly decreased, and any type of data can be written on a single Satoshi within the 4MB limit.
Since the upgrade in 2021, the development of new use cases, such as the BRC-20 NFT standard, has driven increased activity on the Bitcoin network, thanks to Ordinals.
According to data from Sand Hill, over 35 million Ordinals inscriptions have been seen to date. While the majority of these are text-based, more complex data formats have also contributed to the growth of Ordinals inscriptions.
For example, users have recorded over 760,000 PNG images and more than 229,000 WEBP images as Bitcoin Ordinals. Supporters claim that Ordinals play a crucial role in diversifying the functionality of the Bitcoin network, essential for its long-term survival.
However, not everyone is pleased with the development of Bitcoin to accept a wider range of transaction types. Purists argue that the blockchain should only be used for its original purpose: peer-to-peer value transfer.
Faced with a plethora of Bitcoin-based meme tokens and NFTs, critics point out that transactions originating from Ordinals inscriptions occasionally clog the network, leading to higher fees for users.
Is Bitcoin About to See a Layer 2 Revolution?
In addition to expanding the range of available Bitcoin token types, the same upgrade that enabled Ordinals inscriptions has also led to the development of new off-chain protocols.
For example, several projects have recently made progress in realizing the vision of Bitcoin-style Ethereum-style aggregation.
By moving computation off-chain, recent innovations by Kasar Labs and Chainway can significantly increase the transaction scale on the Bitcoin network and trigger a Layer 2 revolution similar to Ethereum's.
Meanwhile, on October 9th, a whitepaper was released for a new system called BitVM. Developers of this project claim that BitVM can verify any computable function on Bitcoin. Furthermore, the resulting on-chain footprint remains small unless there is a transaction dispute.
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Ritu13

The birth of NFTs has made them increasingly convenient, leading to wider acceptance.

977Iti

Ethereum's functionality has been incorporated into Bitcoin.

Kahn332

NFTs are the game of young people nowadays.

Kalkin995

If there's something new, NFTs are definitely part of it.