JAN3 CEO emphasized the cost advantage, as Liquid transaction fees are far lower than those of Ethereum.
In the 'Why Choose Stablecoins and Bitcoin? Understanding Strategic Choices' discussion at WebX 2025, JAN3 CEO Samson Mow analyzed the competitive advantages of Bitcoin technology from a practicality perspective.
He emphasized that cost efficiency is a key factor driving adoption, pointing out that transaction fees on the Liquid sidechain are only about $0.02 to $0.2, which is significantly cheaper compared to Ethereum and Tron. This cost advantage is particularly evident in emerging markets like Argentina, driving local user adoption.
Mow emphasized the importance of Bitcoin's representation in cryptocurrency conferences and elaborated on their technical solution for implementing stablecoins using the Liquid sidechain. He believes that through a consortium sidechain architecture, it is possible to provide a more efficient stablecoin trading experience while maintaining Bitcoin's security. Regarding the demand for stablecoins other than the dollar, Mow takes a more cautious view of the market demand for the yen stablecoin, believing that dollar stablecoins are still the mainstream choice.
The Lightning Network's lack of global state advantage enables large-scale scalability for stablecoins.
Joltz co-founder Ian Major analyzed the unique advantages of the Lightning Network from a technical architecture perspective. He explained that the Lightning Network does not possess the characteristic of a Global State, giving it a technical advantage in the mass scalability of stablecoin transactions. The so-called Global State refers to the unified ledger state shared by all nodes on the blockchain network, recording all transactions and the execution of smart contracts, while the design of the Lightning Network avoids this limitation.
Major detailed how the Taproot Assets protocol achieves the native integration of stablecoins on the Bitcoin Lightning Network. This technological breakthrough allows all currency conversions to be executed natively at the protocol level, enabling users to pay with stablecoins through the Lightning Network while the receiver can receive Bitcoin. This flexibility significantly enhances the payment experience and opens up new application scenarios.
Unlike Mow, Major holds a more optimistic view towards non-dollar stablecoins. He shared a successful case of the Brazilian real stablecoin, believing that local currency stablecoins mainly serve as an entry point into the Bitcoin ecosystem from fiat currency, meeting actual demand in specific markets.
The RGB protocol breaks through the limitations of programmability, moving Bitcoin towards a fully functional platform.
Boosty Labs founder Viktor Ihnatiuk, as a Bitcoin OG, deeply analyzed the technological innovations of the RGB protocol. He pointed out that before 2021, Bitcoin did not have programmable features, but the emergence of the RGB protocol completely changed this situation. RGB is an open-source protocol that, through client-side verification technology, allows Bitcoin to support smart contracts and token issuance while enhancing scalability and privacy protection.
Viktor particularly emphasized that with the latest announcement of the RGB mainnet, Bitcoin may no longer need to rely on other blockchains in the coming years, as all functionalities can be built on top of Bitcoin.
He criticized many Solana ecosystem users for only seeing the superficial advantages of high-speed transactions, while failing to understand the powerful features that Bitcoin has achieved through technologies like RGB and Taproot Assets.
As a long-term supporter of Bitcoin, Viktor's goal is to convey Bitcoin's innovative potential to more people. He believes that Bitcoin is not only a value storage tool but also an evolving technology platform capable of building complex financial applications.
Each technical route has its own characteristics, and stablecoins accelerate the widespread application of Bitcoin.
From the discussion of the three experts, it can be seen that different technical solutions each have their own characteristics:
Liquid adopts a consortium sidechain architecture;
Taproot Assets provides the issuance of native Bitcoin assets;
RGB focuses on privacy protection design for client-side verification.
The common goal of these technologies is to transform Bitcoin from a mere store of value into a digital currency that possesses complete transaction medium functions.
Experts unanimously believe that stablecoins will accelerate the phased adoption of Bitcoin. Although fully replacing fiat currency may take decades, as network participants increase and technology matures, the Bitcoin ecosystem is developing towards a more diversified and integrated direction. Whether it is cost advantages, technological innovation, or the expansion of application scenarios, all lay a solid foundation for the large-scale adoption of Bitcoin.
'WebX2025 - Three Major Technical Solutions Unleashed, OG: Stablecoins Will Accelerate Bitcoin Popularization' was first published in 'Crypto City'.
