Core Value

The transformation of BTC to a virtual machine is one of Bit One's core visions, aiming to build more applications such as decentralized finance, lending, insurance, asset trading, NFT, metaverse, artificial intelligence, big data, oracles, cross-chain, inscriptions, payments, etc., through the decentralized Bitcoin ecosystem (BTO protocol) developed by Bit One. The goal of this system is to seamlessly integrate Bitcoin—as digital gold—into various chains and ecosystems, thereby helping public chains enhance their Bitcoin foreign exchange reserves and boost their monetary credibility. We believe that while WBTC allows Bitcoin to circulate within the EVM ecosystem as an asset supported by centralized institutions, it runs counter to the decentralized spirit of Bitcoin. In contrast, the BTO protocol enables native BTC to freely circulate among various chains, ensuring that users truly own and manage the ownership of their Bitcoin assets on any chain (including freely redeeming and generating native Bitcoin on any chain).

Based on these two important visions, we can predict the potential market space for Bit One in the future. If 20% of BTC is introduced into the second layer network, the market size is expected to exceed 150 billion USD; if 40% of BTC is introduced to other chains, then its market size could exceed 300 billion USD.

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