Bankless premium members get full access to the October edition of Bankless Token Ratings. This month, we covered MATIC, RBN, INDEX, OP, MKR, and FXS. 👀
Also access the Inner Circle Discord, claim your community badge, and enjoy exclusive Token reports and airdrop guides when you subscribe!
Dear Bankless Nation,
Bitcoin has a market cap of ~$400 billion.
As the OG grandaddy crypto, that’s quite the feat.
Bitcoin’s bare-bones design birthed a secure, decentralized, and censorship-resistant network that is widely trusted by the masses.
Unfortunately, that design also comes at a tradeoff — the network has no smart-contract capabilities on the base layer.
That means that asides from serving as an inflation hedge, much of the value on Bitcoin is currently idle capital. This is unlike networks with smart contracts where capital can be transferred and used in creative ways.
But just like ogres, onions, and any other blockchain, Bitcoin has layers.
That’s where DeFi and smart contracts are being built.
Lightning Network, Stacks, RSK and Liquid are just a few of the early examples of this.
Muneeb Ali of Stacks & Trust Machines gives us a big picture overview of the Bitcoin DeFi landscape today.
– Bankless team
Modular blockchains are the future. L2s alone won’t solve the scaling problem; for this, we need to move toward a modular architecture. Fuel is the fastest execution layer for the modular blockchain stack, enabling maximum security and the highest flexible throughput.
👉 Go beyond the limitations of the EVM: explore the FuelVM
Guest Writer: Muneeb Ali, Founder of Stacks
Bitcoin has established itself as the store of value in the crypto industry.
However, Bitcoin is mainly held passively in wallets and cold storage. It is not considered a productive asset.
Currently, any active use of Bitcoin for trading or lending primarily happens through centralized companies like Coinbase or BlockFi.
There is a tremendous opportunity to finally…
