Complete overview of the Bitcoin & Layer 2 ecosystem

Hot keywords

• #Runes - Runes Protocol, a fungible token protocol replacing BRC20
• #BRC20 - The most popular fungible token standard in the Bitcoin system
• #Ordinals - Protocol for NFTs
• #BTCLayer2 - Scaling solution for Bitcoin

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Upcoming important events

• Bitcoin Halving (April 20)
• Runes Protocol Mainnet (April 20)

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Protocols on Bitcoin

• Ordinals Protocol: Platform of Inscriptions (NFT) + BRC-20 on Bitcoin

• Runes Protocol: Created by the founder of Ordinals Protocol to replace BRC-20, compatible with Bitcoin's UTXO.

• Atomicals: Supports simple smart contracts

• Pipe Protocol: Security + privacy

• SRC-20: EVM compatible

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Scalable solutions

• Sidechain: Independent chain that works in parallel with Bitcoin - @MerlinLayer2, @babylon_chain, @bounce_bit

• Rollup: Roll transactions and send them to the Bitcoin network, inheriting security from Bitcoin - @BitlayerLabs, $BOB, @BSquaredNetwork

• State Channels: Fast and cheap offchain transaction channels, often used for Bitcoin payments - @lightning