Author: @pStakeFinance; Compiled by: Vernacular Blockchain

"BTCfi is not just about making Bitcoin work better and bring benefits. You can think of it as an upgrade, which is essentially version 2.0 of Bitcoin."——@eli5_defi

< p style="text-align: left;">Welcome to the 11th installment of our "X Talks Bitcoin" series, where Bitcoin enthusiasts and builders share their valuable insights. Today, we’re joined by @eli5_defi, an explainer who specializes in simplifying complex crypto concepts, to share his straightforward take on the BTCfi narrative and why we need Bitcoin staking. 1. Can you explain what BTCfi is in an easy-to-understand way?

"BTCfi is a new paradigm used to enhance the productivity of Bitcoin as an asset."

2. What is Bitcoin staking? If the Bitcoin network already exists, why do we need it?

@eli5_defi explained: "I once thought that the Bitcoin network was out of reach, like it was isolated in an ivory tower. This idea stemmed from its design and concerns about security. high priority, which may make it appear exclusive.

However, it is meant to be open to everyone. Open here means that its security should not only serve itself, but also be used by other blockchains, which is exactly why Bitcoin Staking exists . Its goal is to share the security of the Bitcoin network and allow Bitcoin users and other systems to grow together

This is beneficial to everyone. solutions that bring positive results to the blockchain ecosystem ”

The emergence of BTCfi not only redefines the functions of Bitcoin, but also opens up a new path for collaboration in the blockchain ecosystem.

3. What do you think of the narrative of BTCfi and the current Bitcoin ecosystem?

"I think BTCfi is about more than just making Bitcoin work better or generating revenue. Its goal is to unlock Bitcoin's full potential as the first cryptocurrency. You can Think of it as an upgrade,It is essentially version 2.0 of Bitcoin. Currently, the Bitcoin ecosystem is mainly focused on building infrastructure, which is really important. However, I would like to see more projects that are consumer-oriented, accessible, and obviously make better use of Bitcoin. ”

The Bitcoin ecosystem and BTCfi as a narrative still seem to be in their early stages

4. Which BTCfi projects are you excited about?

“I greatly admire @pStakeFinance for their strategic transition to BTCfi, fully recognizing its huge potential, and applying their expertise in staking protocol development extremely well. Another project worth keeping an eye on is @SolvProtocol, which offers a liquid staking solution for Bitcoin using a variety of strategies to generate yield. In addition, @CryptoEternalAI is developing a comprehensive artificial intelligence agent that integrates the functionality of leveraging the Bitcoin network. Finally, @layeredge, as the first decentralized network, extends the functionality of Bitcoin through ZK and BitVM technology, ensuring the security of all levels of Bitcoin and its Rollup. ”