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Only Bitcoin can be held long-term #Alkanes
🚀🚀Explore Protocol 1: The New Star of Smart Contracts on Bitcoin L1!
Recently, the Bitcoin ecosystem has been buzzing, with various protocols emerging, and some previous startup teams have begun their second ventures. The entire market is quite lively. Let me explain why I am optimistic about Alkanes. Firstly, and most importantly, the project team is particularly strong. The founders and project team have always actively listened to community opinions and communicated progress with the community. This afternoon, there was an offline meeting in Shenzhen, and even though it was early morning for the founders, they still connected via video to showcase the internal testing of AMM.
Alkanes aims to develop DeFi on BTC, and due to its reliance on the Bitcoin mainnet, its security is higher than protocols that depend on sidechains or Layer 2. It also supports more complex on-chain applications to fill the gap in the Bitcoin ecosystem in the DeFi field. Some say that applications are not needed on BTC, but having certainty is better than having none, and the benefits are obvious. Similarly, because the overall development of the Bitcoin ecosystem is still in its early stages, Alkanes may face competition from other protocols (like Runes and RGB). However, in such a vast market as BTC, there are too many blank spaces; competition will only push both sides further. The inscriptions of 2023, Atom, and the Blue Box are all growing simultaneously, so I believe that Brc20 and Runes are never in conflict, but rather should grow together. The Alkanes protocol achieves smart contract functionality through the UTXO structure, maintaining a high level of security with the Bitcoin mainnet. It draws inspiration from the Runes protocol but is more scalable and open, akin to “open-source Android” versus “closed iOS.”
The team founder will also participate in this year's BTC conference, which is something to look forward to. Currently, the entire protocol is still in a relatively early stage, and large holders don't have many chips, making it impossible to control the market, so it has been consolidating and accumulating. Waiting for a spark to ignite the entire BTC ecosystem, BTC this year 100W
If the leading protocol #METHAN reaches 1000U per unit, I will take out 5 units for a lottery #Runes #brc20
🚀🚀Explore Protocol 1: The New Star of Smart Contracts on Bitcoin L1!
Recently, the Bitcoin ecosystem has been buzzing, with various protocols emerging, and some previous startup teams have begun their second ventures. The entire market is quite lively. Let me explain why I am optimistic about Alkanes. Firstly, and most importantly, the project team is particularly strong. The founders and project team have always actively listened to community opinions and communicated progress with the community. This afternoon, there was an offline meeting in Shenzhen, and even though it was early morning for the founders, they still connected via video to showcase the internal testing of AMM.
Alkanes aims to develop DeFi on BTC, and due to its reliance on the Bitcoin mainnet, its security is higher than protocols that depend on sidechains or Layer 2. It also supports more complex on-chain applications to fill the gap in the Bitcoin ecosystem in the DeFi field. Some say that applications are not needed on BTC, but having certainty is better than having none, and the benefits are obvious. Similarly, because the overall development of the Bitcoin ecosystem is still in its early stages, Alkanes may face competition from other protocols (like Runes and RGB). However, in such a vast market as BTC, there are too many blank spaces; competition will only push both sides further. The inscriptions of 2023, Atom, and the Blue Box are all growing simultaneously, so I believe that Brc20 and Runes are never in conflict, but rather should grow together. The Alkanes protocol achieves smart contract functionality through the UTXO structure, maintaining a high level of security with the Bitcoin mainnet. It draws inspiration from the Runes protocol but is more scalable and open, akin to “open-source Android” versus “closed iOS.”
The team founder will also participate in this year's BTC conference, which is something to look forward to. Currently, the entire protocol is still in a relatively early stage, and large holders don't have many chips, making it impossible to control the market, so it has been consolidating and accumulating. Waiting for a spark to ignite the entire BTC ecosystem, BTC this year 100W
If the leading protocol #METHAN reaches 1000U per unit, I will take out 5 units for a lottery #Runes #brc20
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