Bitcoin-Linked Services Could Revolutionize Web3
For years, Bitcoin has been seen as digital gold, one that is valuable but mostly static. While other blockchains, like Ethereum, have evolved into ecosystems that power Web3, Bitcoin has stayed focused on being a store of value. However, this is gradually changing. New approaches, like Bitcoin-Validated Services (BVS), are showing how Bitcoin’s value can be put to work in the decentralized economy. This could revolutionize Web3 by making Bitcoin more than just an asset to hold. Traditionally, Bitcoin has been treated like gold: something to save and hold onto in the hopes that its value will increase. Its worth,…