Supply Shock Where To Build In The Bitcoin Network
Jun 26, 2025
Hong Kim, from the Core Network, aims to enhance Bitcoin's capital efficiency, while Eli Ben-Sasson of StarkWare seeks to unite the Bitcoin and Ethereum communities. Jeff Garzik, a longstanding Bitcoin developer and founder of Hemi, shares insights on building in Bitcoin's ecosystem. They discuss the rising use cases for Bitcoin L2s, the importance of interoperability, and innovative lending solutions. Delving into the path to mass adoption, they consider Bitcoin's dual nature as a reserve asset and a powerful DeFi player, exploring user-friendly applications and the future of crypto.
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Bitcoin as Crypto's Root Layer
- Bitcoin serves as the foundational root of the crypto ecosystem with unmatched longevity and trust.
- Its base layer limits everyday usability, necessitating off-chain solutions and layer two networks for scalability.
Stacks Enables Bitcoin DeFi
- Stacks aims to enable Bitcoin for decentralized finance and payments, leveraging Bitcoin's value.
- The target is to have 20-30% of BTC supply utilized on such layer twos in the future.
Interoperability Unlocks Bitcoin Utility
- StarkWare aims for interoperability across blockchains, enhancing Bitcoin's usability.
- Their approach unlocks Bitcoin's value beyond holding by enabling economic activities like yield and lending.