Chipping Away at Bitcoin’s Biggest Challenge & Opportunity - TOKEN2049 Singapore 2024
Explore the transformative insights presented at TOKEN2049 Singapore 2024 in the talk titled 'Chipping Away at Bitcoin’s Biggest Challenge & Opportunity.' Led by Rich from Core, an L1 blockchain founded on Bitcoin, this session delves into a pivotal issue facing Bitcoin: the sustainability of its security budget amid halving cycles and burgeoning market caps.
Bitcoin’s block reward halving presents a double-edged sword: while it enhances Bitcoin’s scarcity, it simultaneously threatens miners' profitability. Historically offset by Bitcoin's appreciating value, these 50% cuts pose a growing challenge as Bitcoin’s market cap expands beyond a trillion dollars. Core's approach positions itself as a vital solution, augmenting Bitcoin’s base layer through innovative yield products and interlayer collaboration.
This talk outlines Core's strategy to tackle Bitcoin's security and economic utilization through three foundational pillars: delegated proof of work, Bitcoin staking, and Core staking. By design, these mechanisms provide miners and holders with an array of liquidity options and profitability streams that foster sustainability without sacrificing security. Notably, Core’s model not only supports miners but invites institutional adoption, offering a much-needed yield-generating alternative for Bitcoin holders.
Rich illuminates Core’s contributions to expanding Bitcoin's utility beyond digital gold, emphasizing new platforms and ecosystems within the Core framework. With over 400 million in TVL and tens of thousands of daily users, Core is advancing layer 2 solutions that promise to significantly increase Bitcoin's on-chain market share, aspiring to unlock vast untapped liquidity.
Join this enthralling discussion and see how Core is innovatively securing Bitcoin's future. For more insights, engage with us—like, comment, and subscribe.
