Trust Machines: Explosive Growth of Bitcoin Use Cases in Q1 2023

2023-04-30 21:15:34

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ChainCatcher news, according to the latest research from the Bitcoin ecosystem company Trust Machines, in the first quarter of 2023, "Bitcoin use cases have seen explosive growth."

The report identifies the latest developments in Bitcoin NFTs, Bitcoin Name Service (BNS), and the Stacks blockchain (a Bitcoin smart contract platform that powers much of Trust Machines' ecosystem) as key use cases driving new growth and adoption.

Muneeb Ali, CEO of Trust Machines and co-founder of Stacks, stated at the "2023 Consensus" conference on Friday that while development in Web3 is growing exponentially on other blockchains like Ethereum, Bitcoin development has lagged behind. However, this situation may change with the emergence of new use cases and technologies.

Ali said, "So far, what excites me the most is the revival of the developer culture. It's as if Bitcoin is interesting again because there's a place to build again, and that's the best thing that could happen." (source link)

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