LayerEdge: The Future of BTCFi with Programmability
Singapore, 16th May 2024, ZEX PR WIRE, Bitcoin came into existence to overcome the fundamental flaws in the trust-based architecture and create an ecosystem based on cryptographic proof. Although Bitcoin’s ethos emphasizes its use cases as a peer-to-peer commodity for a trustless ecosystem, it lacks programmability — limiting its adoption for decentralized financial utilities. Ethereum, on the other hand, boosted the adoption with on-chain programmability enabling a trustless ecosystem.
Post Bitcoin’s Taproot upgrade, the ecosystem has seen significant development around the Bitcoin L2’s — providing a scalable and cost-efficient channel for developers and users to engage without paying high gas fees, and allowing to tap into high liquidity. This solidifies the notion that BTCFi isn’t jus...