A New Era Of BTC Utility: BRC20s, Ordinals, and CoreDAO Explained

Exploring Core’s Unique Relationship with Bitcoin and EVM-Compatible Chains


Listen to our latestΒ 
DeFi by Design Podcast



 

NFL Season is available to trade on OvertimeSports market AMM built on Thales Market, a Synthetix ecosystem project. Earn your share of 90k $OP, 90k ARB, and 180k $THALES in incentives. Try it πŸ‘‰πŸ½ HERE!


 

AcrossProtocol is a cross-chain bridge for L2s and rollups secured by UMA’s optimistic oracle that prides itself on its speed, security and low fees. Check it πŸ‘‰πŸ½ Β HERE.


 

High Rollers:

The new era of BTC utility is happening before our eyes as the PoW security concerns are slowly being addressed!

In our conversation with Rich Rines of CoreDAo, we’ll be delving into the transition from centralized to decentralized work environments, the global collaboration at CoreDAO, and its special relationship with Bitcoin and EVM-compatible chains.

One of the most intriguing aspects of Core DAO is its interplay with Bitcoin and EVM-compatible chains. The interview sheds light on Core’s unique relationship with Bitcoin, as it rewards Bitcoin miners to help secure the Core network and aims to unlock trapped liquidity in Bitcoin.

Moreover, Core is at the forefront of exploring new consensus mechanisms, such as delegated proof of work and native BTC staking, to enhance its security and scalability.

We also touch on the emergence of BRC20s and Ordinals, highlighting their capacity to bring Bitcoin back into focus and enable innovative developments on the Bitcoin network while ensuring longer term security for PoW blockchains.

If you’re keen to explore the evolving relationship between Bitcoin and EVM-compatible chains, and uncover the innovative initiatives driving Core DAO with the recent rise in onchain BTC activity, this one’s for you.

Happy Friday, and hope you enjoy!

Cheers,

The Rollup.

You can check CoreDAO website πŸ‘‰πŸ½ Here


πŸ™Œ Together with:


Jumper Exchange – One API for seamless swaps & bridging: Access 15+ bridges, 30+ DEXs & solvers.πŸ‘‰πŸ½ Here


Cosmos app-chain for LSTfi. Persistence is an app chain for Liquid Staking powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets. Check it out Here!


Hybrid Orderbook-AMM DEX with unified margin between spot, perps & money markets – Trade on Vertex.


⚠️ DISCLAIMER: Investing in cryptocurrency and DeFi platforms comes with inherent risks including technical risk, human error, platform failure and more. At certain points throughout this post, we might get a commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.


 

🌐 Check Us Out On Twitter!

πŸ“Ί Subscribe to ourΒ YouTube channel!

πŸ‘©β€πŸ’» Join the The Rollup Discord Server!

 

Avatar photo About the author: We help you explore DeFi onchain w/ foolproof education & relevant research to give you an edge. Focused on L2s. Scaling to mass adoption one block at a timeπŸ™

0 comments… add one

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.