DeFi and NFTs are coming to Bitcoin.
Bitcoin is the leading decentralized digital currency and store of value and currently accounts for almost 40% of all the crypto market, but wasn’t designed to run complex applications on top of its code.
Ethereum started up in 2013 to overcome this, go beyond money, and become the settlement layer for web3. It has since been the front-runner in several waves of innovation with DeFi, DAOs and NFTs.
Now several projects are looking to increase the scalability and add smart contracts capabilities to Bitcoin with sidechain networks like Liquid Network, RSK Labs, Mintlayer, and the Lighting Network layer2, but they all suffered limitations in their design or applicability.
Stacks might have found a way to build a “theoretically sound and operationally flexible infrastructure to fill this gap and take Bitcoin to the next level”
Discover more: https://dealroom.co/blog/defi-and-nfts-are-coming-to-bitcoin