Issuing new assets on Bitcoin is not a new narrative. The colored coins of the year can be realized by the omni protocol. Tether’s earliest #usdt was issued on the #bitcoin chain using the omni protocol. Later, due to the slow speed and high cost, it was gradually replaced by other public chains. #trx #bsc replaced it, especially the low cost of trx, which took a large share.

Let’s look at #brc20 today. It is an additional way to issue assets on the Bitcoin network, but it still does not solve the problems of slow speed and high cost. When this wave of craze passes, how many people will be willing to use the slow and expensive one? Doing business online? What about after the bubble?

However, the popularity of brc20 has another level of great significance. It is not the issuance of assets, but through financial bubbles, it once again focuses people's eyes, attention and funds on the technical development of the Bitcoin network. This is Bitcoin's L2 network, L2 is fast and cheap. For example, the Lightning Network and the Nostr protocol based on the Lightning Network have made initial progress, and the RGB protocol is still brewing. This is probably the future evolution direction.