I am Ray.bit, a man who combines Bitcoin passion and technical insight, X (Twitter): https://x.com/bitlaser_btc
#Bitcoin ecosystem has gradually declined since Runes went online and became popular, and no one is interested in it until now.
Gas has dropped from nearly 3,000 to 1, and even the memory pool has been emptied. How glorious it once was, how miserable it is now.
$ordi $sats $rats $dog $pizza are no longer popular. The reason is that the Bitcoin ecosystem is not programmable, DeFi cannot be realized, and Tokens have no narrative.
But Bitcoin is not doomed to fail. OP_CAT, BRC 2.0, and Runes 2.0 will lead Bitcoin to regain its glory.
1. Restart OP_CAT
The main reason why the Bitcoin ecosystem is not programmable at present is that Satoshi Nakamoto closed #OP_CAT. Now that OP_CAT has been mentioned again, it is very likely to be restarted.
After the restart, Bitcoin can completely copy the ETH ecosystem. A considerable portion of the 2 trillion $BTC will participate in the fully decentralized Bitcoin DeFi platform, solving the current dilemma of no liquidity on the Bitcoin Token chain.
OP_CAT main promoters and builders:
Ethan Heilman @Ethan_Heilman
Armin Sabouri @arminsdev
The proposal author and promoter of OP_CAT, which has been formally designated as BIP 347.
Olaoluwa Osuntokun @roasbeef
The co-founder and CTO of Lightning Labs, one of the newly appointed BIP editors, officially assigned the BIP 347 number to OP_CAT after being appointed as BIP editor in April 2024.
Udi @udiWertheimer
Eric Wall @ercwl
Founder and co-founder of @TaprootWizards and @QuantumCatsXYZ NFT, they brought the discussion of OP_CAT to the wider community through the Taproot Wizards project. Recently raised $30 million.
StarkWare @StarkWareLtd
In 2022, a research fund of 1 million was launched to study OP_CAT and to support researchers and developers who have insights into how to implement OP_CAT securely and efficiently on Bitcoin.
Blockstream @Blockstream
They supported the testing of OP_CAT through the Bitcoin Inquisition, which was like building a safe training ground for OP_CAT so that researchers could carefully observe its performance under real-world conditions.
Fractal Bitcoin @fractal_bitcoin
UniSat @unisat_wallet is the Bitcoin scaling solution that recursively scales infinite layers on top of the worlds most secure and held blockchain using the Bitcoin Core code itself.
The difference from Bitcoin is that OP_CAT is enabled, allowing developers to do OP_CAT development work on #Fractal. It has made a huge contribution to the exploration of OP_CAT.
XHL @sinotrinity
Founder of #CAT 20 protocol @ProtocolCAT and sCrypt @scryptplatform platform, with strong infrastructure capabilities.
Bob Bodily @BobBodily
ODIN•FUN founder, a well-known supporter of OP_CAT, believes that the opcode is beneficial to all Bitcoin developers, despite its lengthy scripting method. He pointed out that OP_CAT can expand Bitcoins capacity to 40 times the current level and alleviate concerns about attack vectors (these concerns are partly derived from Satoshis concerns at the time).
100 Layer @ 100 _Layer
The OP_CAT-based stablecoin, WBTC, introduces BTC into the BTC ecosystem in a completely decentralized manner and contributes to on-chain liquidity.
CatSwap @CatSwap_Fun
AMM DEX based on OP_CAT can bring the BTC ecosystem into the DeFi era.
2. BRC 2.0
#BRC20 was originally just a coin issuance agreement. Although it was popular for a while, it eventually fell into a slump due to the lack of application scenarios. Now it has made a comeback with #BRC 2.0. After the upgrade, its programmability has been greatly improved, allowing its native token to have more application scenarios.
If this can be achieved, the Bitcoin ecosystem may surpass its original heights.
BRC 2.0 main promoters and builders:
Binari @0x Binari
Founder of Best in Slot @bestinslotxyz, executor of BRC 2.0 upgrade, BRC 2.0 is also called BRC20 programmable module, supported by BRC20 founder @domodata. A series of planning and serious execution attitude have given old inscription players hope.
OKX Web3 Wallet @OKX Web3_CN
As CEX, which has the strongest support for the BTC ecosystem, its WEB3 construction far exceeds that of others, and it is also the first to support the BRC20 index and trading market. Boss Xu @star_okx has also publicly stated that he will continue to build the BTC ecosystem, and OKX will certainly not be absent from the construction of BRC 2.0.
Lorenzo @lorenzonical
#UniSat @unisat_wallet founder, those who have read this must know that #UniSat has grown together with BRC20. From engraving, indexing to trading market, UniSat has never been absent and they have achieved mutual success.
Needless to say, BRC 2.0 will have UniSat as a solid backing.
3. Runes 2.0
When Runes was launched, the BTC ecosystem was unprecedentedly hot. However, the founder Casey @rodarmor allowed Runes to develop freely without programmability, resulting in DOG•GO•TO•THE•MOON being highly popular but not yet listed on the top CEX.
In order to increase the liquidity on the chain, the founder of $DOG, @LeonidasNFT, decided to cross the chain. It is not known whether this decision is appropriate, but it will definitely lose the #Bitcoin tag, and each chain has its own memes emerging in an endless stream. It is still unknown whether they are willing to pay for the $DOG that has left. However, as a hard-working Runes, Leo saved Runes in his own way, which is admirable.
The best solution should still be Runes itself. It is better to establish native liquidity than to establish liquidity through cross-chain. The right way is to make Runes more programmable, just like BRC 2.0. Runes 2.0 is the best solution.
Runes 2.0 main promoters and builders:
Mikael @MikaelBTC
The founder of the #RSM protocol is also the proposer of the #Runes 2.0 solution.
The BRC-100 protocol that was once released was listed as one of the major protocols at the time. Its ability to build an ecosystem is unquestionable and its technical strength is strong.
RSM (Runes State Machine) @RSM_Runes is one of the Runes 2.0 solutions and is a Runes programmable protocol.
If realized, Runes and even the Bitcoin ecosystem will surpass their original heights.
Of course, Runes 2.0 requires Casey @rodarmor to pass his solution and then perform the upgrade operation.
I hope Casey can help Runes complete the 2.0 upgrade. After all, programmability is what the ecosystem needs and what users need (which requires a fatter wallet).
RWP @judoflexchop
The founder of the PROTO-RUNES protocol was announced at the same time as RSM. Unfortunately, it was short-lived and there was almost no related news after it became popular. The development progress is unknown and it currently lives in people’s expectations and memories.
Leonidas @LeonidasNFT
Leos cross-chain is also a type of Runes 2.0.
