The Bitcoin Ecosystem though still small provides a very interesting look into the possibilities of the future.

Omar
5 min readJun 24, 2024

Bitcoins ecosystem today is very interesting in a very special way. It quickly transforms from discussing Bitcoin Ordinal runes, BRC-20 tokens, and Bitcoin Layer 2 solutions that claim to scale the Bitcoin network for different purposes. Is this sector, therefore, worth investing in?

But are these technologies in reality helping accelerate the adoption of Bitcoin?

What are projects that one should hold on to?

What are the ones, which one should let go?

In today’s discussion, I will answer these questions am at the end, you will get to see my favorite three picks from the Bitcoin ecosystem.

Technological advancement is a continuous process and for the ecosystem of Bitcoin to be considerate of the new technological advances it must incorporate them into the system.

All innovations in the Bitcoin ecosystem have their origin in one or Another limitation that was there from the beginning of development. When comparing Bitcoin with Ethereum, the main difference is clear: Bitcoin is used as an electronic currency for payment and storage Bitcoin is a store of value while Ethereum is used for smart contracts and thus offer applications such…

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Omar

Dedicated to crypto education. Writing about Bitcoin, Ethereum, and the evolving world of cryptocurrency