Bitcoin is arguably the most popular cryptocurrency in the world. When someone talks about crypto, they’re almost always referring to Bitcoin.
$BTC commands around 57% of the total crypto market cap, sitting at $2.52T. Most of the crypto rags-to-riches stories you’ve heard are more often than not attributed to Bitcoin.
However, despite all the pomp and ceremony around the ‘digital gold,’ it’s still not a complete cryptocurrency when compared to the likes of Ethereum and Solana.
Beyond being one of the best wealth creators of the past decade, Bitcoin has done little to advance the development of crypto blockchains themselves.
$HYPER is a Layer-2 Bitcoin solution that solves the issues of scalability, speed, and transaction costs, adding a whole new arm of utility to the network.
Also, the current Bitcoin block time is 10 minutes. This means it takes Bitcoin 10 minutes to add a new block of transactions to the blockchain.
All in all, it’s easy to see why developers gravitate toward the likes of Solana and Ethereum for Web3 applications.
This is a massive missed opportunity for Bitcoin, as it’s losing out on potential revenue. For instance, Solana has generated $1.25B in revenue year-to-date, while Ethereum sits at $523M.
A more developer-friendly, faster, and cheaper Bitcoin blockchain could open new doors of alternate revenue for the network.
But what if the same speeds – or at least comparable ones – were introduced on the Bitcoin network?
SVM’s secret sauce is parallel execution: a model where multiple transactions are processed simultaneously, as long as they’re not related to each other.
This stands in stark contrast to Bitcoin’s one-at-a-time approach, which is simply not enough in today’s fast-moving blockchain environment.
In this setup, Bitcoin Hyper batches the results of all transactions and sends them to the Bitcoin mainchain, giving you the dual benefits of fast execution and Bitcoin’s top-notch security.
This bridge serves as the connecting point between Bitcoin’s Layer-1 and its Layer-2 solution.
Here’s how it works: let’s say you hold one Bitcoin and want to engage with a dApp. Currently, that’s not possible; you’d have to convert your Bitcoin into another cryptocurrency, such as Ethereum or Solana.
With the canonical bridge, however, you can send your Layer-1 Bitcoin to the bridge, which verifies and locks it. In return, it mints you an equivalent amount of Layer-2 Bitcoin tokens as wrapped $BTC.
This means you don’t have to give up the security of Bitcoin to participate in Web3 – something that wasn’t possible before.
Needless to say, a solution-based crypto platform that adds real utility to the most popular cryptocurrency is an unmissable investment opportunity.
And it’s not just retail enthusiasm driving the numbers; several crypto whales have been spotted scooping up large chunks of $HYPER in multiple transactions.
Disclaimer: None of the above is financial advice. Crypto is highly risky and unpredictable, so kindly always do your own research before investing.
