We need to structure data engraving. Comparing the recent popularity of various Perp DEXs, the Bitcoin ecosystem has been very quiet these past few months. Whether it's BRC20, Runes, or other Bitcoin asset protocols numbering in the dozens, they all have two fatal issues. Unless these two issues are resolved, I think it will be difficult to regain momentum. 1. There is no official unified asset protocol similar to ERC20. 2. It cannot be truly utilized on a large scale. The first issue is currently unsolvable; the open nature of Bitcoin will only lead to more asset protocols. Unless an asset protocol is strongly pushed during the OP_CAT update (which is unlikely), we can skip this issue for now. The second issue is not just a problem for Bitcoin assets, but it is more pronounced on Bitcoin due to the lack of smart contracts and a unified asset protocol. How can we effectively utilize it? Even if we increase OP_CAT, we can only introduce various rough DeFi applications and follow...
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