Sea 🐸
Sea 🐸|Apr 18, 2025 00:27
The overall liquidity of the market has declined, and several representative projects' TGEs have fallen short of expectations. The Bitcoin ecosystem has not had anything new for a long time. A few days ago, I saw a news article on the official website of HSBC, which was about the launch of the Bitcoin Thunderbolt network. Let me briefly introduce it. This is a soft fork of the Bitcoin base layer. It mainly introduces two major features: UTXO Bundling and OP-CAT. Bitcoin is an economy with over one trillion US dollars, and updates to its core functions are driven on an annual basis, with conservatism and restraint being the fundamental characteristics. As a result, soft forks allow for lower costs and lower risks in conducting experiments and observations. Among them, the role of UTXO Bundling is to bundle multiple small transactions together for processing, compress the size of transaction data, and significantly improve on chain throughput. The idea is somewhat similar to Ethereum Rollup. It is estimated that transaction efficiency can reach 10 times that of the original chain. Another OP-CAT is designed to introduce native programmability to the Bitcoin network. OP-CAT was originally an opcode in the early Bitcoin scripting language used to connect multiple scripts. However, for safety reasons, Satoshi Nakamoto himself disabled it in 2010. In the past year, with the revival of the BTC ecosystem, many developers have been calling for the BTC network to re enable OP-CAT to enhance the programmability of the Bitcoin network. I have previously posted a very vivid introduction to OP-CAT. If you are interested, you can review it: https://(x.com)/Sea_Bitcoin/status/1833057951185244288 In the past two years, there have been Ordinals in the Bitcoin ecosystem, The native protocols such as BRC-20, Atomicals, Runes, and numerous BTC L2 projects have shown that the market has high expectations for the asset issuance, programmability, and DeFi gameplay of the Bitcoin network, but the technology is not yet ready. Bitcoin Thunderbolt was jointly initiated by miners, Bitcoin tycoons, and technology contributors during the Satoshi Nakamoto era. At present, it is still very early and only open to users who have obtained Boosting Codes. If you are interested, you can follow the core technology contributor @ nubit_org to obtain acceleration codes and also have the opportunity to receive BTC airdrop rewards. The BTC ecosystem has gone through several rounds of fire, and there are two main possibilities for moving forward. One approach is to do nothing and only pull the market, just like the early ODI, which tried to win people over by increasing prices. However, this year, with the depletion of liquidity, it has become increasingly difficult; The other is that once the infrastructure is perfected and the application is mature, it will come naturally, requiring more time and patience. OP-CAT is widely expected. From any perspective, Bitcoin Thunderbolt is a starting point worth paying attention to.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads