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Bitcoin NFTs Take Off – Ultimately EVERYTHING will be built on top on Bitcoin.

Bitcoin NFTs Take Off – Ultimately EVERYTHING will be built on top on Bitcoin.



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11 Comments

  1. NFTs are rubbish for plebs essentially you are buying a reference or pointer on a Blockchain.

    Has anyone heard of .clone()?

    Reupload the same jpg as a new one? Unless the platform is centralized they can’t prevent this…

  2. tldr; Stacks’s STX token has risen 57% in the last 24 hours to a price of $2.3, making it the 55th largest cryptocurrency in the world. The price movement caused the cryptocurrency to rise thirteen places up the global market capitalization rankings. The Stacks blockchain supports smart contracts, but all of its transactions are settled on Bitcoin.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. Check out SOV-RSK-RBG-RIF-STX-ION-WBTC-DLC’s-Sidetrees-Liquid Network-Lightning Network, etc. are all awesome (see more details below). And there’s much more. **Everything we need will be built on top of the best base protocol (Bitcoin)**.

    > The Bitcoin network/protocol will take over everything. Check out what happened with the [Internet in the 90’s till the bubble popped in 2002](https://en.wikipedia.org/wiki/Dot-com_bubble).
    >
    > Also, regarding the other “better and faster, more efficient” competing protocols, all those vanished into nothingness because didn’t have the most important thing: The Network Effect (that’s the cemented foundation). EVERYTHING needed/wanted (offered in isolation by those other protocols) was then built on second layer apps on top of the Internet (TCP/IP) base protocol.
    >
    > Base layers/protocols are basic infrastructure built for security not for ‘speed’, are a strong and stable foundation upon which all the functional layers are built on top of.
    >
    > In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them.
    >
    >
    > So, **EVERYTHING will be implemented on top of Bitcoin**, just see some the advances so far this early in the game:
    >
    > (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L’s, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN).
    >
    > Check out this awesome list of [Bitcoin Use Cases](https://zenimal.xyz/use-case).
    >
    > > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC’s (Discrete Log Contracts), Suredbits (BTC Derivatives), DID’s (Decentralized ID network like Microsoft’s ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network).
    > >
    > > I think they are awesome:
    > >
    > > * RSK —> https://www.rsk.co/
    > >
    > > * RIF —> https://www.rifos.org/
    > >
    > > * SOV —> https://developers.rsk.co/solutions/sovryn/
    > >
    > > * STX —> https://www.stacks.co/
    >
    > > * RGB —> https://www.rgbfaq.com/what-is-rgb
    >
    > > * DLC’s —> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin
    > >
    >
    > > * Sidetree —> https://identity.foundation/sidetree/spec/
    > > > >
    > > * L-BTC —>
    > > https://blockstream.com/liquid/
    >
    > > * WBTC —> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin
    >
    > > * Suredbits —> https://suredbits.com/
    > >
    > > * Lightning Network—> https://lightning.network/
    > >
    > > * Microsoft ION —>https://identity.foundation/ion/
    > >
    > > [ION is an open, public, permissionless, decentralized ID network on top of Bitcoin.](https://www.youtube.com/watch?v=xevb029EqNk)
    > ___________________________________
    > > DeFi (Decentralize Finance) is growing fast:
    > >
    >
    > > [**Sovryn pushes RSK TVL past Lightning Network**](https://www.sovryn.app/blog/defi-on-bitcoin-soars-as-rsk-total-value-locked-crosses-1.445k-btc-driven-by-sovryn-launch)
    > >
    > >
    > > > RSK Network, the safest smart contract platform in the world that is secured by the Bitcoin Network, has surpassed Lighting Network (LN) total value locked in Bitcoin (BTC), and now stands at 1,445 BTCs locked. The latest milestone is another sign of a strong appetite among users for the Decentralized Finance (DeFi) sector, which defined 2020 and has extended well into the current year.
    > > >
    > > > RSK smart contracts platform had over 259,000 transactions, 50,000 active accounts and reached an all time high of 72% hashing power during April. The amount of solutions and integrations in the RSK defi ecosystem has experienced a significant growth over the last couple of months.
    >
    > >
    > > [**DeFi on Bitcoin Gets a Boost as Sovryn Launches on RSK Sidechain**](https://www.coindesk.com/defi-on-bitcoin-boost-sovryn-launches-rsk-sidechain)
    > >
    > > > A new project built on the Bitcoin sidechain RSK is gunning to advance decentralized finance (DeFi) on Bitcoin’s ecosystem.
    > > >
    > > > Sovryn, a self-billed “decentralized platform for trading and lending Bitcoin,” launched today with $2.1 million at its back – a symbolic number representing Bitcoin’s total supply. Crypto venture capital firm Greenfield One led the funding round, which also saw contributions from Collider Ventures and Monday Capital.
    > > >
    > > > A 2-in-1 decentralized exchange and derivatives market, Sovryn will offer traders borrowing and lending service
    > > >
    >
    > > **What is RGB?**
    > >
    > > > RGB is a scalable & confidential smart contracts system for Bitcoin & lightning network. They embrace concepts of private & mutual ownership, abstraction and separation of concerns and represent “post-blockchain”, Turing-complete form of trustless distributed computing which does not require introduction of “tokens”.
    > > >
    > > > RGB is not a token protocol. Though issuance and management of highly scalable, programmable and private assets of different sort is possible with RGB, it can be applied in many indusrtied far beyond financial world.
    > > >
    > > > As a smart contract system RGB is quite different from previous approaches, both Bitcoin-based (Colored coins, Counterparty, OMNI) and non-bitcoin (Ethereum, EOS and others):
    > > >
    > > > * RGB separates concept of smart contract issuer, state owners and state evolution
    > > >
    > > > * RGB keeps the smart contract code and data off-chain
    > > >
    > > > * RGB uses blockchain as a state commitment layer and Bitcoin script as an ownership control system; while smart contract evolution is defined by off-chain schema
    >
    >
    > ___________________________________
    > > DeFi (Decentralize Finance) is growing fast:
    > >
    >
    > > [**Sovryn pushes RSK TVL past Lightning Network**](https://www.sovryn.app/blog/defi-on-bitcoin-soars-as-rsk-total-value-locked-crosses-1.445k-btc-driven-by-sovryn-launch)
    > >
    > >
    > > > RSK Network, the safest smart contract platform in the world that is secured by the Bitcoin Network, has surpassed Lighting Network (LN) total value locked in Bitcoin (BTC), and now stands at 1,445 BTCs locked. The latest milestone is another sign of a strong appetite among users for the Decentralized Finance (DeFi) sector, which defined 2020 and has extended well into the current year.
    > > >
    > > > RSK smart contracts platform had over 259,000 transactions, 50,000 active accounts and reached an all time high of 72% hashing power during April. The amount of solutions and integrations in the RSK defi ecosystem has experienced a significant growth over the last couple of months.
    > >
    > > [**DeFi on Bitcoin Gets a Boost as Sovryn Launches on RSK Sidechain**](https://www.coindesk.com/defi-on-bitcoin-boost-sovryn-launches-rsk-sidechain)
    > >
    > > > A new project built on the Bitcoin sidechain RSK is gunning to advance decentralized finance (DeFi) on Bitcoin’s ecosystem.
    > > >
    > > > Sovryn, a self-billed “decentralized platform for trading and lending Bitcoin,” launched today with $2.1 million at its back – a symbolic number representing Bitcoin’s total supply. Crypto venture capital firm Greenfield One led the funding round, which also saw contributions from Collider Ventures and Monday Capital.
    > > >
    > > > A 2-in-1 decentralized exchange and derivatives market, Sovryn will offer traders borrowing and lending service
    > > >
    >
    > > **What is RGB?**
    > >
    > > > RGB is a scalable & confidential smart contracts system for Bitcoin & lightning network. They embrace concepts of private & mutual ownership, abstraction and separation of concerns and represent “post-blockchain”, Turing-complete form of trustless distributed computing which does not require introduction of “tokens”.
    > > >
    > > > RGB is not a token protocol. Though issuance and management of highly scalable, programmable and private assets of different sort is possible with RGB, it can be applied in many indusrtied far beyond financial world.
    > > >
    > > > As a smart contract system RGB is quite different from previous approaches, both Bitcoin-based (Colored coins, Counterparty, OMNI) and non-bitcoin (Ethereum, EOS and others):
    > > >
    > > > * RGB separates concept of smart contract issuer, state owners and state evolution
    > > >
    > > > * RGB keeps the smart contract code and data off-chain
    > > >
    > > > * RGB uses blockchain as a state commitment layer and Bitcoin script as an ownership control system; while smart contract evolution is defined by off-chain schema

What do you think?

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