Bitcoin could be one upgrade away from overtaking Ethereum DeFi

Quick Summary:

 A long-dormant string of code called OP_CAT could be the secret to unlocking the true potential of Bitcoin for DeFi and see it surge past Ethereum DeFi in the future.

However, Nakamoto was initially worried that OP_CAT could expose the Bitcoin network to security risks, including denial-of-service (DoS) attacks and the creation of exponential memory requirements that could potentially overwhelm the network.

Right now, Bitcoin is almost entirely dependent on miner revenue and fees, and — barring the idealistic and unlikely scenario where the price of BTC perfectly doubles every four years — block rewards won’t be able to sustain and incentivize interest in securing the network forever.“Bitcoin cannot survive long term as it is today.

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Article Details

Author / Journalist: Cointelegraph by Tom Mitchelhill

Category: Crypto

Markets: United StatesMali

Topics: Adoption DeFi Ethereum Technology Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 12:30:00 (3 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 1364 words

Reading Time: 8 minutes read

Sentences: 37 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 23515512

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 23 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 2 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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