[REDACTED] 2024 | Bringing DeFi to Bitcoin

A recent wave of Layer 2 innovation has brought the world's oldest cryptocurrency into the world of DeFi. Hear why these builders are bullish on making BTC more than just digital gold, and what hurdles still remain.
Kyle Ellicott - Stacks Asia Foundation
Aescobar Michael - Satoshi Protocol
David Millar-Durrant - Sig.Network
David Rutkovsky - BitLayer Labs Ltd.
Vikas Pandey - NEAR Foundation (moderator)
Takeaways
Interoperability as a Key Challenge: The blockchain space is still in its "dark ages" regarding interoperability, especially with Bitcoin. Initiatives like chain abstraction aim to simplify interactions across different ecosystems, making blockchain technology more accessible.
Chain Abstraction for Seamless User Experience: NEAR’s chain abstraction technology enables users to perform transactions without needing to understand or interact with the underlying blockchain, enhancing adoption and usability.
Defi and Bitcoin's Role in Expanding Utility: Bitcoin's transition from being a "store of value" to an asset with real utility in DeFi, driven by advancements like tokenization and chain signatures, is unlocking its potential across ecosystems.
Fragmentation of Liquidity and Ecosystem Growth: The current fragmented state of DeFi requires innovative solutions like cross-chain liquidity management and unified user interfaces to improve user experiences and adoption.
The Path to Mass Adoption: Simplification and invisibility of blockchain mechanics are critical. Users should be able to engage in financial activities without needing to understand the technical details, creating a future where blockchain is as seamless as email.
NEAR is the Blockchain for AI
Website: near.org/
NEAR AI: near.ai/
Intents: near.org/intents
Chain Abstraction: www.proximity....
Sharding: nearone.org/
For the devs
GitHub: github.com/near
Dev Docs: docs.near.org/
Devhub: devhub.near.page/ @NEARDevHub
Connect with socials
Twitter: / nearprotocol
Blog: near.org/blog/
Medium: / nearprotocol
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