The Off-Chain Bitcoin Bull Market – Bitcoin Magazine

This is an editorial by Zack Voell, a market researcher and bitcoin miner.

One of the more interesting and controversial developments in the Bitcoin ecosystem are off-chain use cases. Many of these applications are not technologically identical, but all expand the list of potential use cases beyond the Bitcoin base class for a given bitcoin holder. And some of these products are completely outside the Bitcoin economy.

This article does not take a position on the unique value of any specific off-chain use for Bitcoin, but it does summarize some of the growth trends and data provided showing growth and pressure. used on Layer 2 protocols, bitcoin-backed tokens, and more. Using bitcoin in these ways is not suitable for every investor, but anyone interested in the wide range of Bitcoin adopters should take note of these trends to better understand where and how bitcoin works. moving.

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