According to Bloomberg, a group of developers think they have found a solution: add programmability to Bitcoin. They built Bitcoin "second layer" networks such as Bitcoin Ordinals. Recently, the situation has changed, and once Bitcoin has programmability, this will bring huge unlocking to Bitcoin. This month, Arch is expected to run an application platform on top of Bitcoin, which uses software that may allow applications from Layer 1 Foundation. At the same time, Layer 1 Foundation is building a programmable module for the so-called BRC-20 meta-protocol, which is essentially just messages stored in code on the Bitcoin blockchain. However, not everyone in the Bitcoin programming community is convinced that this is the future of cryptocurrency. New businesses are betting that this new type of programmability could lead to an influx of decentralized financial applications on Bitcoin. Currently, the total value of tokens locked in the Bitcoin DeFi market is about $1.1 billion, while Ethereum is $52.7 billion. "Bitcoin's DeFi ecosystem may become the largest of all cryptocurrencies," said Toby Lewis, founder of OrdinalsBot.
