Chainfeeds Intro:
When almost all investors are taking a wait-and-see attitude towards BTC Layer 2, we choose to firmly be bullish on BTC Layer 2 and BTCFi, because we deeply understand the technology, business model, and user needs, and we firmly believe that the era of BTCFi is far from coming.
Article Source:
https://x.com/kevinliub/status/1920238098266427843
Article Author:
Kevin
Perspective:
Kevin: Everything originated from a strategic layout two and a half years ago. When we the profound impactactivity onzkVM on the blockchain industry especially, in challenges of unified consensus and liquidity fragmentation, the Founders decisively decided: All in! Among numerous possibilities, we made a series of seemingly counter-mainstream decisions: We didn't choose the hot Risc-V, but instead selected the MIPS instruction set, with core reasons being MIPS is simple, efficient, mature, and and supports more opcodes than Risc-V, which are precisely the foundations for building a commercial product, because all efforts ultimately aim to support real-applications, commercial not purely experimental experiments didn't choose the B2B strategy zkVM projects use. As an infrastructure project, the BD-ing towards applications and most easily conceived B2B path, but there's a a: how many applications and chains would truly use zk, and can these usage volumes really support the high valuations of so many zkzkVM projects? zkVM still needs time to further reduce costs and improve speed before potentially enabling large-scale commercial applications, which would require discdiscounting how much future to support valuations? Therefore, we chose a bottom-up, vertically integrated approach, selecting scenarios most needing zkp to build our zkMIPS use whichat a Bitcoin zk rollupupup. control our own future future, rather rather than hoping for third-party uncertain demands to construct our business model. After choosing the GOAT Network Bitcoin Layer 2 direction, although we quickly launched an alpha mainnet sidechain to verify overall overall business logic, we didn't stop there there thereTC security has always been our forward goal, so thus we selected and and improved theBBitVM2 technical solution, integrating zkMIPS and decentralized Sequencer to fully realize BTC Layer 2's native security. More importantly, when almost everyone in the industry chocentrcentralized BLayerCH 2, we selected a Returning the transaction volume's revenue (such as gas fees, mining rewards,, and MEV) to contributors as theirC native liquidity and security return. almost all BTC Layer are following a technical narrative, narrative,, we a economic model's dual-path, because we believe technology can only drive business to a certain extent, and the economic model will determine how long and how far this business can go.. Universal, operatorand multi-model-are innovations in the economic model.
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