Bitcoin needs DeFi and mainstream apps to see mass adoption: L2 developers

Bitcoin Virtual Machine, SatoshiVM, Spider Chain And BitVM are among those that recently emerged with THE aim of expansion THE Functionality of Bitcoin.

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Bitcoin (BTC) can only "stay A chance" has mass adoption if he opens up has THE $57 billion world of decentralized finance (Challenge), according to has developers of Bitcoin layer-2 networks.

While Bitcoin is holding THE role of A currency, A "digital gold," And, more recently, A platform has host digital artifacts (Bitcoin Ordinary), developers say Cointelegraph that there are a lot more impactful to use case For THE blockchain Again has be achieved.

“Restrict developers has uniquely P2P Payments muffled creative exploration And potentially excludes precious to use case ", said THE pseudonym founder of Bitcoin Virtual Machine (BVM) known as "punk3700."

Punk3700 based Bitcoin Virtual Machine, which emerged In January 2023 — adopt A modular Bitcoin layer-2 “meta-protocol” architecture, allowing anybody has create their own personalized layer-2 blockchain on Bitcoin. THE solution connects THE Ethereum Virtual Machine (MVE) with Bitcoin.

How has build A Bitcoin L2 For game that process 1M+ transactions In A day?

It is What Bitcoin Arcade (@GamingOnBitcoin) team I did it!

Powered by BVM, they personalized And spear their own Bitcoin L2 game blockchain with A modular architecture:

@Bitcoin For security… pic.twitter.com/FQM0LrWFlq

— Bitcoin Virtual Machine (@BVMréseau) January 30, 2024

THE BVM founder stress A real need has create A consumer layer on high of B....