2024 crypto narratives: BRC-20 and BTCFi

Hashing It Out

With 2024 now here, Hashing It Out is focusing on narratives tipped to be at the heart of the cryptocurrency conversation this year. In Episode 45, Rich Rines, an initial contributor to Core DAO — a layer-1 blockchain network that can accommodate EVM-compatible DApps on top of Bitcoin’s governance — explains how BRC-20 and the movement to build utility and financial applications on top of the Bitcoin network (BTCFi) could take off in 2024. Rines explains why there is a place for BRC-20 in the Bitcoin ecosystem despite ideological debates and technical criticisms. He also breaks down how BRC-20/BTCFi can build a sustainable economic environment on Bitcoin with lessons from DeFi implementations on Ethereum and other layer-1 networks.

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