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Bitcoin is the most secure store of value and settlement layer. It is digital gold, a maximally secure asset with minimal risk. Other functions such as microtra
by Geee 6y ago
Bitcoin is the most secure store of value and settlement layer. It is digital gold, a maximally secure asset with minimal risk. Other functions such as microtransactions, ft/nft-assets and smart contracts can be built on top of Bitcoin, with different L2 solutions. For example, see https://rgb-org.github.io https://rgb-org.github.io. This architecture separates the base layer from all the risks of experimental technology and speculative utility of smart contracts.
This differs from other blockchains such as Ethereum, that try to build everything on L1. This is a problem, because it introduces a lot of risk and uncertainty on the base layer. Even on Ethereum, the most promising solutions seem to arrive on L2, making the premise of Ethereum rather pointless.