After Bitcoin Halving! What are the names that can change the game?
Bitcoin has faced difficulties in scaling, leading to the emergence of solutions such as the Lightning Network. However, development delays and liquidity issues have reduced the platform's appeal.
New projects such as Bitcoin Ordinals and BRC-20 have highlighted the concept of "Bitcoin Layer 2" (L2). Attention on L2 has attracted large inflows into the crypto market in the early part of 2024.
Stacks (STX) is considered one of the pioneer OGs in the Bitcoin L2 field, with the ability to exploit the DeFi potential for Bitcoin. By using the STX token, Stacks aims to make Bitcoin a more flexible and attractive investment asset.
Syscoin (SYS) is another OG project in the Bitcoin L2 niche, with positive development and good price performance in the early part of 2024. Along with Stacks, Syscoin is also working on building a multi-faceted DeFi ecosystem form on the Bitcoin platform.
Besides OG projects like Stacks and Syscoin, there are a host of emerging projects that are also attracting attention and investment in the Bitcoin L2 niche. However, it should be remembered that this is in its infancy and risks always exist, requiring caution when evaluating investment opportunities.
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