Investment giant Franklin Templeton indicates that it monitors five areas within the Bitcoin ecosystem. These include so-called layer-2 solutions, Ordinals, DeFi and many more. Are these interesting developments for you or should Bitcoin simply focus on the “digital gold” narrative?
Developments on Bitcoin
Bitcoin Ordinals makes it possible to paste digital data such as images and videos onto a satoshi. In this way, it is possible to create a kind of non-fungible tokens (NFTs) on the Bitcoin network.
Runes is a protocol that makes it possible to create fungible tokens on Bitcoin. These are exchangeable tokens, so that could in principle be another currency. Thanks to Runes, this can now be done in a more efficient way.
In theory, you could also create shares on Bitcoin, if that were something valuable. OP_CAT is a scripting feature that Satoshi Nakamoto removed from Bitcoin in 2010. A Bitcoin Improvement Proposal (BIP) is now proposing to bring back the feature.
“OP_CAT is a Bitcoin feature that extends the scripting capabilities. It combines data into a single output, simplifying transactions and making it possible to develop complex smart contracts,” OKX said.
Franklin Templeton also looks at Ethereum
Of course, analysts at Franklin Templeton aren’t just looking at Bitcoin. They’ve also recently launched an Ethereum ETF.
They therefore indicate that they are also keeping an eye on the Ethereum blockchain.
“Investing in Ethereum represents a piece of ownership in the Ethereum blockchain, the largest decentralized ecosystem. We are seeing more and more innovation across the modular stack. Areas we are looking at include:
- Parallel execution
- Restaking Primitives
- Alternative (Data Availability)
- Blob used after EIP 4844″
So there is plenty to come when it comes to Bitcoin and Ethereum. Especially interesting is that it seems as if Bitcoin is also increasingly becoming a blockchain on which it is possible to publish all kinds of smart contracts.
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Source: https://newsbit.nl/vijf-interessante-ontwikkelingen-in-het-ecosysteem-van-bitcoin/
