#Bitcoinpepe Main functionality of Bitcoin Pepe: Are we building a new economy of memecoins?

While alternative layer 1 networks have emerged and disappeared—from last cycle's Ethereum competitors like Fantom (now Sonic), Avalanche, and Cardano, to this cycle's new competitors like Move, Aptos, and Sui—one thing has remained constant: Bitcoin.

Bitcoin Pepe adopts the mindset that memecoins built on chains that do not endure will also not last. By introducing an L2 solution on Bitcoin, the project aims to bring memecoin activity to the most established and liquid network in the crypto world.

Although Bitcoin is widely recognized as the leading cryptocurrency and a trusted store of value, the Bitcoin network has always lacked three main features: programmability, speed, and activity. Developing infrastructure, particularly for memecoins, on this network could solve all these problems, especially considering that memecoin trading has constituted, in this cycle, the majority of trading volume.

The Bitcoin Pepe L2 or 'memecoin chain' could address all these issues. The scaling chain will be able to process transactions quickly at minimal cost. At the same time, the PEP-20 standard opens a new world for asset issuance, and the DEX will allow anyone to exchange these new PEP-20 tokens.

It is fair to say that this project aims to build a vibrant trading floor within the Bitcoin economy.