Investment giant Franklin Templeton is keeping a close eye on the Bitcoin world. They’re excited about the recent growth of Bitcoin, especially after the approval of Bitcoin exchange-traded funds (ETFs) earlier this year. Here are five areas they’re particularly interested in:
Bitcoin’s New Tricks
- Layer-2s: These are like shortcuts on the Bitcoin network, making transactions faster and cheaper.
- Restaking/Native Yield Primitives: These are new ways to earn rewards for holding Bitcoin.
- Ordinals: This technology lets people create unique digital assets (like NFTs) on the Bitcoin blockchain.
- Decentralized Finance (DeFi)/Runes: This is a way to build financial applications on the Bitcoin network, making it more versatile.
- OP_CAT Proposal: This is a feature that would allow Bitcoin to run more complex programs, potentially leading to new and innovative applications.
Ethereum’s Continued Evolution
Franklin Templeton is also keeping an eye on Ethereum, the biggest decentralized network. They’re excited about:
- Parallel Execution: This would allow Ethereum to process multiple transactions at once, making it much faster.
- Restaking Primitives: Similar to Bitcoin, this would allow users to earn rewards for holding Ethereum.
- Alternative Data Availability: This would make sure that all users have access to the information needed to verify transactions.
- Blob Utilization: This would reduce transaction fees by using dedicated data storage spaces.
Franklin Templeton is clearly excited about the future of Bitcoin and Ethereum. They believe that these innovations will lead to even more growth and adoption in the years to come.
