Bitcoin's Second Life: From Store of Value to Smart Economic Engine
In the past, Bitcoin was more often viewed as digital gold, where people would buy, hoard, and then wait for appreciation. However, with the evolution of technology, this singular function has become increasingly limited. Imagine if Bitcoin could not only store value but also run smart contracts like Ethereum—what would happen?
The emergence of Bitlayer aims to accelerate Bitcoin’s evolution. It is based on BitVM technology, allowing Bitcoin to securely enter the world of smart contracts. This way, Bitcoin holders are no longer mere spectators but can directly participate in various on-chain applications such as lending, NFTs, and financial derivatives using their BTC.
It’s like a piece of gold that was originally kept in a museum, now endowed with liquidity, enabling it to function in the real economic system. Bitcoin's role is no longer just a store of value; it has transformed into an engine that can drive decentralized finance. This shift not only expands Bitcoin's imaginative potential but also propels the entire Web3 ecosystem into a new stage.
