{"id":65529,"date":"2025-05-11T17:24:07","date_gmt":"2025-05-11T17:24:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65529"},"modified":"2025-05-11T17:24:07","modified_gmt":"2025-05-11T17:24:07","slug":"could-the-next-big-ethereum-killer-be-bitcoin-opinion","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65529","title":{"rendered":"Could The Next Big Ethereum Killer Be Bitcoin? (Opinion)"},"content":{"rendered":"<p>Ethereum isn\u2019t the only hot cryptocurrency in May, <a href=\"https:\/\/cryptopotato.com\/ethereums-pectra-upgrade-finally-goes-live\/\">with some<\/a> big app-wide changes and a <a href=\"https:\/\/cryptopotato.com\/vitalik-buterin-unveils-ethereum-roadmap-focused-on-l1s-blobs-and-ux\/\">new roadmap<\/a>.<\/p>\n<p>Bitcoin, the class originator and market cap leader,\u00a0<a href=\"https:\/\/cryptopotato.com\/bitcoin-core-to-remove-op_return-limit-in-next-upgrade\/\" target=\"_blank\" rel=\"noopener\">approved <\/a>a subtle\u00a0but big change in May to the way it approves transactions. The network will no longer limit transactions with files larger than 80 bytes.<\/p>\n<h2>Bitcoin Opens Up For Business<\/h2>\n<p>Previously, Bitcoin limited these types of transactions with an output type called OP_RETURN. The network automatically canceled transactions with files above a tiny size limit. It would turn these into outputs that were unspendable on the network.<\/p>\n<p>But, blockchain developers have found workarounds. For example, there is the BRC-20 standard exploiting Bitcoin ordinals to link files to the blockchain.<\/p>\n<p>Acknowledging the reality of the community, industry, and market\u2019s demand, the Bitcoin Core developer community is scrapping it. They will no longer let OP_RETURN stand in the way of further development along these lines.<\/p>\n<p>That\u2019s another chink in the armor of hardcore BTC maximalists that view Bitcoin NFTs as junk mail on the blockchain and all altcoins and second-layer currencies as distractions from the original cryptocurrency\u2019s true import.<\/p>\n<p>While Bitcoin can be \u201cwrapped\u201d or deposited in smart contracts on other crypto apps like Ethereum and Cardano, and then used in their ecosystems, a smart contract issuance system built right on the old Satoshi layer is another way to do it.<\/p>\n<h2>Would BTC Prices Go Much Deeper on a Bitcoin App Layer?<\/h2>\n<p>If they press to build a marketable product, the Bitcoin L2 developer community may find along the way that it has certain key advantages over deploying BTC on another L1 network.<\/p>\n<p>CashApp Block founder and CEO Jack Dorsey (who also founded Twitter) predicts Bitcoin <a href=\"https:\/\/cryptopotato.com\/heres-when-bitcoin-btc-price-will-skyrocket-to-1-million-according-to-jack-dorsey\/\">will reach<\/a> $1 million in price by 2030. He was also an early Lightning Network advocate and <a href=\"https:\/\/cryptopotato.com\/whats-better-than-bitcoin-jack-dorsey-to-coinbase-ceo\/\">remains a<\/a> vocal Lightning proponent.<\/p>\n<p>Could a Bitcoin second layer app ecosystem be part of what the crypto doyen envisions priced into that $1 million <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-analysis\/\">Bitcoin price<\/a> forecast?<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/could-the-next-big-ethereum-killer-be-bitcoin-opinion\/\">Could The Next Big Ethereum Killer Be Bitcoin? (Opinion)<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ethereum isn\u2019t the only hot cryptocurrency in May, with some big app-wide changes and a new roadmap. Bitcoin, the class originator and market cap leader,\u00a0approved a subtle\u00a0but big change in May to the way it approves transactions. The network will no longer limit transactions with files larger than 80 bytes. Bitcoin Opens Up For Business [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":65530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65529"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65529"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65530"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}