Twitter threads: BTC second-layer participation posture

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MarsBit
06-11
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Note: This article comes from @0xbfun’s Twitter account, and is compiled by Mars Finance as follows:

I have recently been sorting out all the projects in the BTC ecosystem and found that there are too many and too complicated projects. Fortunately, we are not doing research, so we don’t need to study all the projects; we are here to make money.

Bitcoin , focusing on projects that have participation points and can make money. I roughly divided them into several categories: mainnet online projects; high-potential unlaunched projects; and knowledge popularization projects to be observed.

Today we will first study the projects that have been launched on the mainnet:

Merlin @MerlinLayer2 ZK-Rollup; support modularization; inscriptions; rune asset support, fully embrace the BTC ecosystem. Strong community foundation. Recently, the mainnet upgrade was completed, gas dropped significantly, and the AA wallet is smoother to use. Next, we need to focus on the launch of the POS mechanism and the launch of Merlin Phantom. The price of $Merl has rebounded from the bottom by more than double. There are still 25% of the short-term market liquidity chips that have not been unlocked. After unlocking another 12.5% ​​on the 19th of this month, the impact of the remaining unlocking will be very small.

Bitlayer @BitlayerLabs uses the BitVM solution to build the Op+ZK bridge to improve cross-chain security. If I remember correctly, it should be the OP solution. The first mining festival event was launched online in the past few days, and many activities are ongoing. It seems that it is not particularly competitive.

B2 @BSquaredNetwork ZK technology, DA layer is more distinctive. Staking has ended, assets can be withdrawn. Recently there are cross-chain activity rewards, the market has improved, they have started to move. Recently there is a Honey activity, those who have previously deposited assets through the BSC chain can receive U. The price of mining machines has dropped sharply, and the time for mining tokens seems to be undetermined.

BOB @build_on_bob is also an OP Stack; he plans to use BitVM technology for joint mining with BTC in the future to enhance security. Currently, the staking activity is in progress, and points can be obtained through the FUSION staking activity.

BVM @BVMnetwork is a platform that supports one-click chain issuance, Rollup-aaS (Rollup as a Service). BVM burning activity is in progress, and it looks more like a push for entrepreneurial teams. $BVM highest price 6.5, current price 1.5

BEVM @BTClayer2 BEVM is the first EVM-compatible Bitcoin L2 built on Taproot Consensus, backed by

@BITMAINtech mainnet is online, with strong support for inscriptions and runes. The ecosystem is relatively small, but there are some Airdrop Campaigns. The combination of this with Taproot is interesting and can be studied.

Mezo @MezoNetwork Mezo is a BTC second-layer network built on tBTC, using the Cosmos EVM architecture to achieve asset transfer from BTC to Mezo L2 through tBTC's multi-signature cross-chain bridge. Mezo introduced the Ponzi economics of HODL Proof, which is similar to BTC staking ve 33. Recently, an invitation-based staking mode - Mezo Portal was launched

Stacks @Stacks "Proof of Transfer" (PoX) consensus mechanism. This is a hybrid of Proof of Stake (PoS) and Proof of Burn (Proof of Burn). A 20-year-old coin project, Stacks is launching a trusted two-way Bitcoin anchoring system called sBTC, which will solve the Bitcoin cross-chain problem and make Bitcoin more programmable. sBTC allows decentralized BTC movement, ensuring that transactions are fully protected by Bitcoin's hash power. The mainnet upgrade Nakamoto is expected to be carried out in August, and performance will be improved after the upgrade. It's hard to describe the network performance before the upgrade. Let's see what it will be like after the upgrade. I heard that there are already projects ready to build on it. $STX has a historical high of 3.86 (at the end of March this year), and the current price is 1.95

RSK @rootstock_io is a doomed project in the last cycle. It raised a lot of BTC and is suspected of lying flat. It has been making frequent comments recently. I wonder if it wants to take advantage of this favorable wind to do something. $RIF has a historical high of 0.456 (21 years), and the current price is 0.17

CKB is quite special. I will temporarily use RGB++ as the asset issuance plan and UTXO Stack as the expansion plan. They are not online yet, but we can talk about them later.

Bitcoin

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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