“BRC 2.0 is positioning Bitcoin as the prime asset issuance layer — the asset tokenization network for the most valuable assets on earth.”
Late last year, BRC20 maintainer team Best in Slot extended the protocol’s functionality to include EVM smart contracts at the indexing layer — making the world’s most valuable Bitcoin-native assets protocol “fully programmable.”
This upgrade, dubbed “BRC 2.0,” triggered a wave of interest in programmable metaprotocols across the Bitcoin ecosystem — expanding metaprotocol usecases beyond memecoins, into more sophisticated DeFi applications like RWAs and stablecoins.
In this episode, Best in Slot CEO Binari joins me for a full update on the protocol’s technical and social evolution post-BRC2.0 launch—spilling the tea on hard lessons learned in ecosystem building, right alongside his bull case for building “internet capital markets” on Bitcoin.
In this episode, we discuss:
- The “internet capital markets” thesis for Bitcoin
- The unique role of Chinese investment communities in pushing Bitcoin assets forward
- How incentive structures for metaprotocols outperform those of L2s
- How programmable asset development could potentially protect Bitcoin’s security budget as the block subsidy declines
- Lessons from the protocol’s first pump-and-rug drama and how the community fought back with technical solutions that could push Bitcoin DeFi forward
This episode of Bitcoin Rails is powered by:
- Best In Slot - the leading API for Ordinals and BRC20 data aggregation and indexing.
- Spark - a statechains implementation advancing Bitcoin-powered payments.
- Citrea - a leading Bitcoin rollup technology and BitVM alliance contributor.