Muneeb Ali, one of the co-founders of Stacks, claims that the network is about to undergo a significant period of innovation and transformation, fifteen years after the inception of Bitcoin.
Muneeb delves into the intricacies and progressions included in both Layer 1 and Layer 2 of Bitcoin. He talks about what he believes is driving innovation in Bitcoin’s Layer 1 as well as the ramifications of Ordinal Inscriptions in light of core developers’ criticism of them.
He explores the several Bitcoin scaling methods, showing how their underlying trust assumptions differ and why BitVM might be a “game changer.” He discusses the benefits of utilizing smart contracts on Bitcoin and explains why, in his opinion, BTC is the only real type of financial asset.
