Only Bitcoin can be held for a long time
#Alkanes 🚀🚀Explore 1 Protocol: The rising star of smart contracts in Bitcoin L1!
Recently, the Bitcoin ecosystem is ready to move, and various protocols have emerged one after another. Some former entrepreneurial teams have also started a second venture. The entire market is very lively. Let me talk about why I am optimistic about Alkanes. First of all, the most important point is that the project party is particularly good. The founders and project parties have always actively listened to the opinions of the community and communicated with the community on progress. This afternoon, there was an offline meeting in Shenzhen. The founders were in the early morning, but they still showed the internal testing of AMM via video connection.
What Alkanes wants to do is Defi on BTC, and because it relies on the Bitcoin mainnet, it is more secure than protocols that rely on side chains or Layer 2. And it supports more complex on-chain applications to fill the gap in the Bitcoin ecosystem in the DeFi field. Some people always say that there is no need for applications on BTC, but there is definitely more than no, and the benefits are obvious. Similarly, because the overall development of the Bitcoin ecosystem is still in its early stages, Alkanes may face competition with other protocols (such as Runes, RGB), but there are too many blank spaces in a market as large as BTC. Competition will only make both parties go further. In the past 23 years, the inscription atom blue box has been growing at the same time, so I think that Brc20 and Runes have never been hostile, but should grow together. The Alkanes protocol implements smart contract functions through the UTXO structure, maintaining a high degree of security with the Bitcoin main network. It draws on the Runes protocol but is more extensible and open. It can be likened to one being "open source Android" and the other being "closed iOS". The founder of the team will also attend this year's BTC conference, so you can look forward to it. At present, the entire protocol is still in a relatively early stage. The big players do not have many chips in their hands and cannot complete the control of the market, so they are now absorbing funds in a sideways market. Waiting for a fire to ignite the entire BTC ecosystem, BTC 1 million this year
If the protocol leader
#METHAN reaches 1000U per piece, I will take out 5 for lottery
#Runes #brc20