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Bitcoin's OP_CAT proposal could change the Bitcoin blockchain

Bitcoin's OP_CAT proposal could change the Bitcoin blockchain

CointimeCointime2024/05/30 00:34
By:Cointime

The Bitcoin blockchain may undergo significant changes in 2026 due to the launch of the Runes protocol and the OP_CAT proposal. On April 19th, the Runes protocol was launched during Bitcoin's fourth halving, with the aim of generating Bitcoin native tokens more efficiently. Within two days of its launch, over 7,000 Runes tokens were minted, and currently over 91,000 have been minted, with transaction fees reaching $4.5 million.

The Runes protocol not only drives token generation, but also promotes liquidity mining, investment activities, second-layer scaling, and DeFi innovation. However, Runes is only part of the BTCFi revolution. The OP_CAT proposal expected to be passed in 2025 will re-enable Bitcoin's smart contract functionality, allowing for the possibility of developing second-layer scaling, smart contracts, and other innovations by creating conditions and rules.

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