Bitcoin Evolves Beyond Digital Cash into Decentralized Database for Apps and Assets
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Bitcoin is evolving from a peer-to-peer digital cash and store of value into a decentralized database for storing information.
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Protocols like Ordinals allow larger files to be stored on Bitcoin by breaking them into smaller pieces. This expands Bitcoin's utility.
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Taproot Assets (TARO) enables issuance of financial assets on Bitcoin, making it a true multi-asset network.
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Stablecoins and other assets from other blockchains can now be issued on Bitcoin via TARO.
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New use cases like NFTs, games, articles are being stored on Bitcoin via Ordinals, attracting developers.