Abstract
BTC occupies nearly 50% of the market share of crypto assets, and Bitcoin's development has surpassed the payment domain. The significance of Bitcoin is not limited to a payment network. The fundamental principles of Bitcoin enable it to evolve on a deeper level and integrate into a broader range of financial services and applications. With the critical technological upgrades of Segwit and Taproot, along with the popularity of the Ordinals protocol and BRC20 tokens, we have launched the first fully decentralized, EVM-compatible, Bitcoin-powered Gas BTC Layer2 – Bit One.
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