Bitcoin is not just a digital currency; it is an evolving ecosystem thanks to emerging chains built on or alongside it. These chains help enhance performance and provide new services such as speed, privacy, and smart contracts, without affecting the security of the original Bitcoin network.
Emerging Chains:
🟡 Lightning Network
It accelerates transfers and eliminates high transaction fees through an instant payment channel, making Bitcoin suitable for daily use.
🟡 Sidechains
Independent networks linked to Bitcoin that allow asset transfer and offer additional features, such as the Liquid network which provides higher privacy and speed.
🟡 Bitcoin-based protocols (like Stacks and RGB)
Enable the creation of decentralized applications and smart contracts built on the security of the Bitcoin network, opening new horizons for ecosystem development.
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How to benefit from emerging chains in your investment and trading?
Emerging chains expand Bitcoin's horizons and open new opportunities for you, including:
1. Reducing costs and increasing speed:
Like the Lightning Network, it helps you send and receive Bitcoin very quickly and with low fees, which is useful if you are a day trader or enjoy making frequent transactions.
2. Asset Diversification:
Side chains and protocols like Stacks allow you to invest in new digital assets built on Bitcoin, such as tokens or smart contracts, increasing profit opportunities away from Bitcoin itself.
3. Using advanced technologies:
Smart contracts and decentralized applications built on these chains enable you to engage in decentralized finance (DeFi) projects or new applications without leaving the security of the Bitcoin network.
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Simplified image:
Imagine Bitcoin as the 'main roads' on which your cars (your money) travel.
Emerging chains are 'new sub-routes' that help you reach faster, open new places for investment, and provide you with more options without congestion or excessive cost.
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