Bitcoin's role in the blockchain ecosystem is evolving beyond its traditional use as a store of value. The emergence of next-generation Layer-2 networks on Bitcoin is expanding its utility, challenging Ethereum's dominance in the decentralized application space. These Layer-2 solutions are enhancing Bitcoin's scalability and transaction efficiency, enabling it to support a broader range of decentralized applications. This development signifies a pivotal shift in the blockchain landscape, as Bitcoin's infrastructure adapts to meet the growing demand for diverse and scalable blockchain solutions.
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