How Sovryn is Building a True-to-Bitcoin L2 Ecosystem | Interview w/ Edan Yago | TBR
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- Опубликовано: 1 июн 2024
- The L2 and DeFi discussions concerning Bitcoin are perhaps some of the most important ones when determining the future of Bitcoin. It is clear Bitcoin will not be able to scale into the future, regardless of how much robust innovation we add to it through metaprotocol design.
However, ecosystem contributors such as Sovryn are working diligently to implement some of the cutting-edge in Bitcoin scaling technologies to create favorable environments for development. We discuss with a core contributor to Sovryn, Edan Yago, the technical challenges in rolling out this type of infrastructure and break down the comparisons between existing side chains to Bitcoin which do not consider the same trust-minimizing components.
The conversation explores many interesting facets to Bitcoin development and considers the reality of Bitcoin entering into a phase shift that renders all other chains redundant as Bitcoin infinite scalability becomes a reality as rollup technology becomes solidified.
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The views and opinions expressed by The Block Runner are for informational purposes only and do not constitute financial, investment, or other advice.
0:00 Early bitcoin involvement, created DeFi platform
9:10 NFTs, Bitcoin, Ethereum, scalability, decentralization, smart contracts
10:25 Bitcoin decentralized, secure, reliable but compromised on scale
18:52 Bitcoin's increasing importance calls for secure transactions
24:19 Crypto space filled with genuine projects and scams
27:03 Shift to bitcoin consolidation as winners emerge
35:09 BTC remains central for settlement, asset registry
40:25 Shift from gold standard, Bitcoin as commodity
46:39 Urgent need to understand and navigate market
50:28 Identify dedicated builders, not just temporary influencers
57:23 Claims of being Bitcoin layer two disputed
1:03:26 Bitcoin's future and price forecast discussed briefly
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SOV token is only $2 now. I acquire my first SOV at $22 back in 2021 because I believed in this project’s vision back at that time and still think that their vision is the one that will dominate the crypto sphere. For those who don’t know yet, but the day you will use the Sovryn dollar (DLLR),you will realize how powerful this project is. You can be your own Central bank!!! That’s just crazy and so powerful. I don’t know how high SOV will go, but time will show how powerful this project is and what they will bring to Bitcoin blockchain.
hmm I wonder if there is something that already exists and can fulfill what you say to the fullest.
you can be your own bank, central bank, monetary issuer & auditor of that monetary policy just by having bitcoin.
I highly doubt that SOV can fulfill all of those things
Cut to the chase boys? Who is the winner? Stacks, Merlin, BVM, Sovryn, Mint Layer? Had to edit. Posted the former too early. Go to 57:24 Thanks Block Runner Chads. Great show.
Sovryn 😊
It's getting too overcrowded.
Yeah and they will all have market shares.
I think I heard Yago mention on Scott Melker podcast he could do a regular segment evaluating legit BTC L2s. Will look out for that! So far it's Sovryn for me.
another good one from will and iman. always on top and keep the view far.
Sovryn: Bitcoin defi, bitcoin runes dex, BitcoinOS in development 😇
Im super bullish on Sovryn $SOV
I like Mint layer for a BTC L 2 it’s fast secure and acts as a side chain not clogging up BTC. However it allows for everything defi on BTC without wrapped tokens.
Congrats. Another excellent video guys. Thanks for all your efforts. It would be amazing at some stage to see a summary of these top BTC ecosystem projects with your thoughts on each. Many thanks again for all the valuable content gents.
Great episode
nice and rich discussion. still seems to me lot of things are already doable (or easily addable) in ICP
You guys could bring the developers of OP_CAT to discuss their new BIP 420 proposal to implement second layers, defi, etc, to Bitcoin. that would be really nice. Keep the great work, such a fantastic interview!
Super down for this!
Hey guys, What's your take on runes so far?...This weekend I've been closely monitoring the buzz around runes. It seems like the market for runes is rapidly becoming flooded, especially with names over 13 characters. I anticipate this issue will only grow as shorter names become possible to etch. It will become a sht coin protocol, lol. Personally, I believe the ordinal community holds more value, and it could become even more significant if the developers managing the protocol implement enhancements that reignite the excitement we saw with the initial surge in interest for runes
Thoughts on Mintlayer?
I think they're too new in the space. Not enough data for me to "place a bet". While FTX and Celcius were imploding last cylcle, Sovryn was building TRUE DeFi protocols. IMHO
@@ronsuarez385 Cheers, I saw something online about them gearing up for RWA in Saudi? BTC L2 and RWA could be two massive plays this cycle. A project doing both could be would a couple quid?
Great videos, but you left out an L2 Protocol that offers Zero Transaction fees.
you forgot bitmaps ..
What’s the context between Sovryn and bitmap?
when rovies
Hi Iman how are you 💕💕
Its sad to see Bitmap getting killed infront of us.😢
I don't think it is getting killed. I think a lot of it is early holders rotating gains into Runes, etc....
Bitsmiley is coming
$ICP is bitcoin best L2 and nothing will even come close 😂
No it’s xrp
Nope
L2’s are a scam - increase the bitcoin block size
2 megabytes is probably enough. We can store the whole history of the universe in only 1 gram of DNA. We should be smarter than that my friend
oh god, another BSV fool - it didn't work back then, it will not work now. get over it.
@@bitkurd Would this allow smart contract capabilities?