A New Era for Bitcoin?
CMC Research

A New Era for Bitcoin?

Created 1yr ago, last updated 1yr ago

Binance Research provides insights into the latest development on the Bitcoin blockchain.

A New Era for Bitcoin?
Binance Research just published a report titled “A New Era for Bitcoin?”, and here are some highlights!
🔎 New developments are coming to Bitcoin. Despite layer-1s consistently making the headlines, Bitcoin has retained its dominance on the crypto market capitalization charts. To further this momentum, innovations such as NFTs and more expressive smart contracts are coming to Bitcoin.
🔎 Ordinals are Bitcoin-native NFTs. In January this year, the Ordinals protocol went live. Ordinals enable arbitrary data (images, video, text, etc.) to be inscribed on the Bitcoin blockchain, creating digital artifacts or, effectively, NFTs.
🔎 Bitcoin also has emerging Layer-2 networks. The layer-2 networks currently available on Bitcoin have different purposes, with some L2s attempting to further the scalability of the network (ex. Lightning Network) whereas others are attempting to develop more expressive smart contracts and decentralized applications (ex. Stacks & Rootstock).
For more details, the full report can be found here: https://research.binance.com/en/analysis/a-new-era-for-bitcoin
You may also follow Binance Research on Twitter for more insights or access other research reports via the official website.

About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.

General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer, or solicitation to buy or sell any securities, cryptocurrencies, or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell any securities, cryptocurrencies, or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

6 people liked this article