Discussing Recent Developments in the BTC Ecosystem: From Babylon's Launch to Lorenzo Staking
Author: Lao Bai Original Link: https://x.com/Wuhuoqiu/status/1826149606876705007 Using the launch of Babylon and the opening of Lorenzo staking as a starting point, let’s discuss the recent developments in the BTC ecosystem. Since Ordi sparked interest in the BTC ecosystem, BTC has quickly followed the path that Ethereum (ETH) once took — starting with on-chain assets (like ERC20), moving to scaling solutions (such as Rollups), and now entering the realm of Staking/Restaking. However, unlike Ethereum, which has the steady guidance of the Ethereum Foundation and Vitalik Buterin, the BTC ecosystem is in a state of wild, often chaotic experimentation. The Rise of On-Chain Assets The asset side first saw the rise of Ordinals, followed by a proliferation of various “XX20” standards like BRC20, ARC20, SRC20, and ORC20, with new ones appearing at a rapid pace. Many people were optimistic last year, thinking that BTC’s security model might finally be solved — hoping that in 20–30 years, after...