Bitcoin's initial maximalist view of being the sole dominant cryptocurrency is evolving as interoperability becomes the new norm. Technologies like wrapped Bitcoin and cross-chain bridges are enabling Bitcoin to be used in decentralized finance (DeFi) and other applications beyond its original limitations. The future of crypto favors collaboration and interoperability, where Bitcoin acts as a core security layer in a multi-chain ecosystem rather than the only one. Bitcoin's role is shifting to be a fundamental component in a broader, interconnected system, enhancing its utility and ensuring its continued relevance. Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. |
