$BTC Bitcoin needs solutions
To expand according to Binance!
According to a new research report issued by cryptocurrency trading company Binance, it is stated that the Bitcoin network needs to expand further.
In December 2022, Casey Rodarmour launched the “Ordinals” protocol, creating so-called “patterns” and setting off a cycle of momentum and hype for Bitcoin non-fungible tokens (NFTs) in 2023.
The introduction of “patterns” has increased demand for Bitcoin block space.
After “Ordinals”, the Bitcoin fungible token standard, BRC-20, was created, and after that, the “Runes” protocol, which was recently launched.
The launch of these new protocols has attracted a new group of users, traders, developers, and even people with a strong interest in Bitcoin.
Currently, cryptocurrency entities are financing and developing Bitcoin projects at an unprecedented rate.
Interestingly, some developers have begun to move from alternative layer 1 networks to Bitcoin.
