🔮Bitcoin Runes and BRC-20 tokens are shaking up the Bitcoin DeFi scene, but they might just be the appetizer before the main course. These innovations are part of a growing desire to add more utility to Bitcoin's blockchain, says Rich Rines, a Core DAO contributor.👷♂️
Runes, a new protocol for issuing tokens on the Bitcoin network, caused quite a stir when it launched on April 20. But Rines suggests the market will ultimately decide which standards prevail in the decentralized world of Bitcoin.💰
Meanwhile, Bitcoin is flexing its muscles as a yield-generating asset. Core Chain launched the first noncustodial Bitcoin staking product on April 23, offering a risk-free yield opportunity for Bitcoin hodlers. Other protocols are also working on creating more utility for Bitcoin.🚀
So, what do you think? Are Runes and BRC-20s the future of Bitcoin DeFi, or just a stepping stone? Let's discuss in the comments!👇