btcfi

10年以上にわたり、Bitcoinは暗号資産エコシステムで最も安全な資産であり続けました…しかし、同時に最も使われていない資産でもあります。

今日、20億ドル以上のBTCが価値の蓄積として機能していますが、生産性はゼロです。ユーザーが使いたくないからではなく、適切なツールが存在しなかったからです。

以前のBitcoinの「活性化」試みは、何が機能しないかを明確に示す教訓でした。システムリスクを伴うラッパー、脆弱なブリッジ、循環的なレバレッジ、市場がストレスを感じた際に崩壊する架空のリターンです。

Unlocking Bitcoin's $1 Trillion Potential: Why proBTC is the Key to BRC-2.0 DeFi
For years, the idea of creating custom tokens like those on Ethereum seemed impossible on Bitcoin. That changed in March 2023 with the experimental launch of BRC-20, a new token standard that has ignited both excitement and debate within the crypto world.
This innovation allows developers to create and transfer fungible tokens directly on the Bitcoin blockchain, unlocking a new frontier of possibilities for the world's original cryptocurrency.
What is BRC-20?
BRC-20, which stands for Bitcoin Request for Comment, is an experimental token standard that enables the minting and transfer of fungible tokens on the Bitcoin network. It was created by an anonymous developer known as Domo.
Unlike Ethereum's ERC-20 standard which relies on smart contracts, BRC-20 tokens operate through a novel mechanism called Ordinal Inscriptions. This process involves embedding data directly onto individual satoshis (the smallest unit of Bitcoin).
Key Components:
· Satoshis ("sats"): The base layer, representing 0.00000001 BTC.
· Ordinals Protocol: A system for numbering and tracking individual satoshis.
· Inscriptions: The act of attaching data (like images, text, or JSON code) to a satoshi.
How Do BRC-20 Tokens Work?
The process is fundamentally different from smart contract-based tokens. Instead of code living in a contract, the "rules" for a BRC-20 token are inscribed into the Bitcoin blockchain itself.
1. Deployment: A creator inscribes a JSON file onto a satoshi to deploy the token. This file defines its properties: ticker (e.g., ORDI), maximum supply, and mint limit per transaction.
2. Minting: Users create their own "mint" inscriptions to claim a portion of the total supply, up to the defined limit. The process stops when the total supply is fully minted.
3. Transfer & Trading: To transfer tokens, a user inscribes a "transfer" instruction and sends that specific inscribed satoshi to the recipient's wallet. Trading typically occurs on specialized marketplaces that act as escrow services for these unique digital artifacts.
A crucial point is that the Bitcoin network itself doesn't "understand" token balances. This state is tracked by off-chain indexers—external systems that read and interpret the inscriptions to maintain a ledger of who owns what.
BRC-20 vs. ERC-20: A Clear Comparison
While their names are similar, these standards have major technical differences. Here’s a breakdown:
Blockchain & Foundation
· BRC-20: Bitcoin blockchain. Uses JSON data inscribed on satoshis via the Ordinals protocol.
· ERC-20: Ethereum blockchain (and other EVM chains). Built with smart contracts written in Solidity.
Core Functionality
· BRC-20: No smart contract support. Limited to basic minting and transferring.
· ERC-20: Full smart contract support. Enables complex DeFi, lending, DEXs.
State & Ownership
· BRC-20: Tracked off-chain by indexers. Relies on social consensus.
· ERC-20: Tracked on-chain by the smart contract. Enforced by network consensus.
Use Cases & Stage
· BRC-20: Primarily meme coins, experimental assets. Ecosystem is nascent and emerging.
· ERC-20: Vast range: utility tokens, governance, stablecoins, DeFi. Highly established ecosystem.
Key Features and Benefits
BRC-20's appeal lies in several key features that leverage Bitcoin's core strengths:
· Bitcoin-Native Security: Tokens inherit the unparalleled security and decentralization of the Bitcoin network, which is secured by proof-of-work.
· Simplified Tokenization: It offers a relatively simple method to create tokens without writing complex smart contracts, potentially lowering the barrier to entry.
· Innovation on Bitcoin: It demonstrates that Bitcoin's functionality can expand, fostering new development and attracting fresh interest to the ecosystem.
· Fungibility: Each token within a specific BRC-20 issue is identical and interchangeable, making them suitable for use as a medium of exchange.
Challenges, Limitations, and Risks
It's vital to understand that BRC-20 is experimental and comes with significant trade-offs.
· No Smart Contracts: The lack of on-chain programmability severely limits functionality. You cannot build decentralized exchanges, lending protocols, or complex dApps natively around BRC-20 tokens.
· Network Congestion & High Fees: Inscribing data directly on-chain consumes block space. High demand can clog the Bitcoin network, driving up transaction fees for everyone. This has been a major point of controversy.
· Reliance on Off-Chain Indexers: Token balances are not settled on Bitcoin's base layer. You must trust that indexers and marketplaces are correctly tracking and reporting ownership. Disagreement between indexers could theoretically lead to a "ledger fork".
· User Experience Hurdles: Managing BRC-20 tokens requires specialized Ordinals-compatible wallets (like UniSat or Xverse) and is generally less seamless than using ERC-20 tokens.
· Speculative and Experimental: The standard is young and may change. Many early tokens are meme coins with little utility, driven by speculation, posing a high risk of loss.
Popular BRC-20 Tokens
The BRC-20 token ecosystem on the Bitcoin blockchain is led by ORDI, which has the largest market capitalization. Other popular tokens include SATS and RATS.

Key Insights
BRC-20 Standard: BRC-20 is an experimental token standard that allows the creation and transfer of fungible tokens on the Bitcoin network using the Ordinals protocol.
Early Mover Advantage: ORDI was the first BRC-20 token and benefits from its early entry and strong developer support, allowing users to inscribe information like text and images onto individual satoshis.
Diverse Utility: The BRC-20 landscape features a variety of tokens, including meme coins like PEPE and PUPS, and utility tokens focused on decentralized finance (DeFi) applications and cross-chain transfers, such as Multibit (MUBI) and Ordiswap (ORDS).
Infrastructure Growth: Projects like BRC20.com are working to build critical infrastructure, including mobile wallets, cross-chain bridges, and marketplaces, to bring more utility to the Bitcoin ecosystem.
1. ORDI
· Role: The first-ever BRC-20 token, created as a proof-of-concept.
· Key Fact: It has a maximum supply capped at 21 million, mirroring Bitcoin itself, and has been listed on major exchanges like BiBinance.2.
2. SATS (Satoshi)
· Role: Represents a very small unit (1000x smaller divisions), paying homage to Bitcoin's smallest unit.
· Market Position: Often competes with ORDI for the top market capitalization spot among BRC-20 tokens.
3. Memecoin Tokens
· Examples: RATS, PEPE, and MEME are examples of popular meme-themed BRC-20 tokens.
· Caution: These are typically highly volatile and driven almost entirely by community hype and speculation.
The Future of BRC-20

BRC-20 has proven there is a desire to build more on Bitcoin. Its future may not necessarily be as a direct competitor to Ethereum's DeFi ecosystem, but rather as:
· A catalyst for developing Bitcoin Layer 2 solutions that offer more programmability.
· A simple, secure standard for tokenizing assets that don't require complex logic.
· A testing ground for innovation, with its limitations potentially addressed by newer, more efficient protocols like Runes.
Unlocking Bitcoin's $1 Trillion Potential: Why proBTC is the Key to BRC-2.0 DeFi
Bitcoin is undergoing its most significant evolution: from digital gold to a programmable financial layer. With the BRC-2.0 upgrade, Bitcoin can now run Ethereum-style smart contracts, enabling DeFi applications directly on its secure base chain. But there's a catch.
The Core Problem: A Liquidity Lock
While new tokens like ORDI and SATS can be programmed, native Bitcoin (BTC) itself cannot directly interact with smart contracts. Its robust UTXO model wasn't designed for this. This creates a massive barrier—without a bridge, Bitcoin's own trillion-dollar liquidity remains locked out of its native DeFi ecosystem.
The Solution: Wrapped Liquidity
This is where proBTC becomes essential. Think of it like WETH on Ethereum, but for Bitcoin. proBTC is a 1:1 Bitcoin-backed token on the BRC-2.0 standard. It transforms static BTC into a dynamic, programmable asset that smart contracts can understand and use.
Why proBTC is Positioned to Lead
For Bitcoin DeFi (BTCFi) to succeed, it needs a secure, efficient wrapper. proBTC, adopted early by key infrastructure players, has a first-mover advantage. It uses advanced cryptography (Threshold Signature Schemes) to decentralize custody, making it a more trust-minimized solution compared to older models. Platforms like the first BRC-2.0 AMM, CatSwap, already use proBTC as their foundational liquidity pair.
The Bottom Line
BRC-2.0 provides the programmable "app store" for Bitcoin. proBTC provides the fuel. It's the critical bridge that allows Bitcoin's unparalleled value and security to finally power a native ecosystem of lending, trading, and yield generation. Without it, Bitcoin DeFi would launch with its greatest asset sidelined.

#Bitcoin #BRC20 #DeFi #BTCFi #proBTC

最近、ビットコインL2に関する議論が再び注目を集めています。特に、ビットコインを活用しつつ、資産の管理権を譲渡せずに済む方法を探している人が増えています。GOAT NetworkがBitVM2のテストが90％まで進展したと聞いており、メインネットも間もなくリリースされるようですね。プロジェクトの進捗はとても適切なタイミングで進められているように感じます。
GOAT Networkはビットコインに原生で構築されたZK Rollupであり、目的は明確です。保有している余分なビットコインを収益を生むようにすることです。新規通貨を発行するインフレーションモデルではなく、ブロックチェーン上の実際の活動、たとえばガス代やMEVの共有を収益の源泉としています。チームの一部メンバーは以前、ZKMやBitVMの研究に携わっており、2024年半ばから着実に開発を進めてきました。核心的な考え方は、自己管理と実際の収益に注力しています。

$HEMI is built with one clear goal make Bitcoin productive. With over $2T+ in Bitcoin liquidity, 90+ ecosystem integrations, and strong backers, Hemi is positioning itself as the leading Bitcoin L2 where BTC earns yield, moves across chains, and powers real DeFi activity.
Hemi connects Bitcoin’s security with Ethereum’s programmability through its Proof-of-Proof design. With hVM and hbitVM, developers can build verifiable, multi-chain applications while users keep Bitcoin-level security.
This setup supports BTC-backed lending, liquidity markets, rate markets, stablecoins, RWAs, and real on-chain settlement use cases Bitcoin could not unlock before.
On Hemi, BTC is no longer idle. Users can stake BTC, earn rewards in BTC, and participate in live DeFi activity across SushiSwap pools, Merkl incentive campaigns, and ecosystem staking options. These are real yields powered by infrastructure, not short-term gimmicks. Both retail and institutions are already engaging with Hemi’s yield layer as a live demonstration of BTCFi at scale.
The $HEMI token sits at the center of this system, supported by ecosystem activations like Binance Booster Campaigns, CreatorPad exposure, and DeFi incentives through Merkl. As Bitcoin DeFi expands into areas like RWAs, IP tokenization, stablecoins, and even future DEX and swap ecosystems similar to $UNI, $HYPE, and $JITO, Hemi provides the base layer for that growth on Bitcoin.
Backed by Crypto.com and YZi Labs, and built by industry leaders like Jeff Garzik, Matthew Roszak, and Maxwell Sanchez, Hemi inherits Bitcoin’s security while enabling trust-minimized staking and rewards without slashing or lockups.
Bitcoin doesn’t need to change. It needs to be unlocked.
Stake in seconds. Earn for years. Make your Bitcoin productive.
@Hemi

$HEMI is built with one clear goal make Bitcoin productive. With over $2T+ in Bitcoin liquidity, 90+ ecosystem integrations, and strong backers, Hemi is positioning itself as the leading Bitcoin L2 where BTC earns yield, moves across chains, and powers real DeFi activity.Hemi connects Bitcoin’s security with Ethereum’s programmability through its Proof-of-Proof design. With hVM and hbitVM, developers can build verifiable, multi-chain applications while users keep Bitcoin-level security. This setup supports BTC-backed lending, liquidity markets, rate markets, stablecoins, RWAs, and real on-chain settlement use cases Bitcoin could not unlock before.On Hemi, BTC is no longer idle. Users can stake BTC, earn rewards in BTC, and participate in live DeFi activity across SushiSwap pools, Merkl incentive campaigns, and ecosystem staking options. These are real yields powered by infrastructure, not short-term gimmicks. Both retail and institutions are already engaging with Hemi’s yield layer as a live demonstration of BTCFi at scale.The $HEMI token sits at the center of this system, supported by ecosystem activations like Binance Booster Campaigns, CreatorPad exposure, and DeFi incentives through Merkl. As Bitcoin DeFi expands into areas like RWAs, IP tokenization, stablecoins, and even future DEX and swap ecosystems similar to $UNI , $HYPE, and $JITO, Hemi provides the base layer for that growth on Bitcoin.Backed by Crypto.com and YZi Labs, and built by industry leaders like Jeff Garzik, Matthew Roszak, and Maxwell Sanchez, Hemi inherits Bitcoin’s security while enabling trust-minimized staking and rewards without slashing or lockups.Bitcoin doesn’t need to change. It needs to be unlocked.Stake in seconds. Earn for years. Make your Bitcoin productive.#HEMI #BTCFi