BitVM brought fresh impetus to initiatives that seek to introduce greater utility to the network through achieving Turing completeness without compromising security.
The involvement of Franklin Templeton, a trillion-dollar asset manager, suggests the traditional finance (TradFi) world is taking notice of developments in decentralized finance (DeFi).
"We believe that Bitlayer's unique approach and technology has the potential to unlock new use cases and opportunities for Bitcoin," Kevin Farrelly, managing principal at Franklin Templeton Digital Assets.
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