Key dealers
- David Schwartz said that Bitcoin’s benefits of early mover and evidence to secure his long -term dominance in the digital asset ecosystem.
- Bitcoin’s value and usability derive from its use on different layers, chains and financial services in addition to its original blockchain.
Ripple Chief Technology Officer David Schwartz said that Bitcoin’s value can be in his basic role as a safe, trust-minimized settlement layer, rather than in its direct usability on its basket chain. He suggested that this role could support its long -term relevance, even when newer blockchains offer more advanced features.
“The set of actual real problems that are solved by Cryptocurrencies today is really small. But I think the hope for Bitcoin is that its solid layer one and early start will secure it as a position as a currency in a developing digital asset ecosystem even though the vast majority of its transactions do not occur at Bitcoin’s Layer. answered To an X -user’s question about what problem Bitcoin solves today.
“Perhaps a robust, healthy evidence of the work spine that people always have the opportunity to use will continue to protect Bitcoin location, although it cannot match the original functionality for competing digital assets,” he added.
Schwartz also pointed to the growing use of bitcoin on other layers and platforms such as proof that Bitcoin’s tool extends far beyond the main chain.
He was similar to XRP used on an EVM compatible side clip, where it retains currency tools even if it is not carried out directly on the XRP-head book.
“A good analogy is that XRP is used as a currency on EVM side. It is not a direct use of XRP on XRPL, but it is still part of the tool and value or XRP as a currency,” Schwartz explained. “Bitcoin is used in much more places than just on bitcoin blockchain itself.”
Bitcoin grew over $ 123,000 on Monday and lifted its market value to a record $ 2.4 trillion. It is now ranked as the sixth most valuable access globally with market cases, only after gold, Nvidia, Microsoft, Apple and Amazon, according to Companymarketcap.