Could the next great murderer of Ethereum be Bitcoin? (Opinion)

Ethereum is not the only hot cryptocurrency in May, with some major changes throughout the application and a new road map.

Bitcoin, the creator of the class and market capitalization leader, approved a great but great change in May to the way he approves transactions. The network will no longer limit transactions with files greater than 80 bytes.

Bitcoin opens for business

Previously, Bitcoin limited this type of transactions with a type of output called Op_return. The network automatically canceled transactions with files above a small size limit. It would make them outputs that could not be repeated on the network.

But, Blockchain developers have found solutions. For example, there is the BRC-20 standard exploited by Bitcoin ordinals to link files to the block chain.

Recognizing the reality of the community, industry and market demand, the Bitcoin central developer community is draining it. They will no longer let Op_return get in the path of additional development in this regard.

That is another crack in the armor of the Maximalists of BTC hardcore that the Bitcoin NFTS see such as junk mail in the block chain and all the alternative currencies and the coins of the second layer as distractions of the true import of the original cryptocurrency.

While Bitcoin can be “wrapped” or deposited in intelligent contracts in other cryptography applications such as Ethereum and Cardano, and then used in its ecosystems, an intelligent contract emission system built in the old SATOSHI layer is another way of doing so.

Would BTC prices be much deeper in a bitcoin application layer?

If they press to build a marketable product, the Bitcoin L2 developer community can find in the way it has certain key advantages over the implementation of BTC in another L1 network.

The founder and CEO of Cashapp Block, Jack DORSEY (who also founded Twitter), predicts that Bitcoin will reach $ 1 million in price by 2030. He was also a defender of the early network and remains a vocal defender of Lightning.

Could an ecosystem of the application of Bitcoin’s second layer be part of what Crypto Doyen imagines a price in that Bitcoin prognosis of $ 1 million?