The emergence of BRC-20 tokens has indubitably unlocked a new era of development within the Bitcoin ecosystem, signaling a potential shift in the capabilities of Bitcoin's original base layer.
Bitcoin has always been known as the first digital currency with its sole use for worldwide money transfers. As we have seen from other L1s, there is demand and with the right support the ecosystem can flourish.
Bitcoin DeFi offers a promising start as the prospect for a Bitcoin-powered DeFi and tokenization continues to grow. However, can a Bitcoin DeFi surpass the limitations and shortcomings of Ethereum-powered DeFi?
In a quest to answer this question, BITLiquidity CEO Simo Vukmirica provided valuable insights into the emerging frontiers in the Bitcoin ecosystem.
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