The infrastructure company, Best in Slot, has announced an upgrade to BRC-20s called BRC2.0, which aims to bring smart contracts to Bitcoin by allowing native assets on Bitcoin to compete with Bitcoin sidechain designs. The upgrade, expected to go live in Q1 of 2025, will unlock new use cases for assets on Bitcoin without relying on multisig bridges or L2s. While metaprotocols may not be the ideal approach for decentralizing the token economy on Bitcoin, they are a start and can bring more efficiency and reduce on-chain bloat. The article argues that having additional fee-paying users is beneficial for Bitcoin's survival, and as the ecosystem evolves, tokens on Bitcoin are inevitable. The author expresses excitement about the potential for more efficient DeFi use cases on Bitcoin. However, specific details about the BRC-20 upgrade are not yet disclosed. The author concludes by stating that opinions expressed in the article are their own and should not be considered financial advice.



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