Second Version: Explore the latest update of our diagram, laying the groundwork for imminent expansions that promise to mirror the ecosystem's vibrant evolution.
This iteration introduces additional entities/platforms, broadening our collective horizon.
@SatScreener@ninjalerts
@Uniport_Network
@UTXOmgmt@Rune_Pro
@rune_flex
@BitX_Brc20@Magic_Runes@rune_mine
@runetoshi_
@RunesMarketCap
Impressed by our diagram? Hit the ๐ to show your runeness, amplify our reach with a retweet ๐, and ensure you're following @fehuliths & @pyrobit to stay ahead with the latest insights.
Note to @rodarmor: Not all Runes are meant to be memecoins. #getRUNED
Challenges and Centralization Issues with #Bitcoin L1 Bridges ๐
Letโs talk about "Bitcoin bridges"...
That includes a broad category of tech that aims to move assets to and from Bitcoin L1.
๐ธ L1 <> BTCL2s/rollups
๐ธ L1 <> EVM
๐ธ L1 <> Solana
... and many more.
As Bitcoin undergoes a renaissance with Ordinals and Runes, it becomes increasingly important to find ways to move assets between different networks and across L1 metaprotocols.
Bridges offer a pathway for assets to travel between Bitcoin and other blockchain networks.
However, the development and operation of these bridges has a lot of challenges and centralization issues, huge non-starters for Bitcoiners, who care deeply about trust and security.
This thread explores the state of Bitcoin bridges: the good, the bad, and the ugly. And a sneak peak at some projects engineering a future of better bridging.
๐งต
๐ฆโจ ๐๐๐ฅ๐ข๐จ ๐๐๐ฒ๐ฌ๐ฌ๐๐ฒ: ๐๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐๐ง๐ข๐ฆ๐
๐ Open NOW๏ผhttps://t.co/14xbLXLBPR
๐ Perks:
- Earn Palio Points โก๏ธ Swap for Xterio Ecosystem Airdrop
- Chat with the innovative Palio AI ๐ค
- Create your Palio Gen0 & bring it to life in-game! ๐ฎ