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I like these projects like Sovryn on top of Bitcoin. Just like the second layer apps on top of the Internet (TCP/IP) base protocol.
Base layers/protocols are basic infrastructure built for security not for ‘speed’, are a strong and stable foundation upon which all the functional layers are built on top of.
In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them.
So, EVERYTHING will be implemented on top of Bitcoin, just see some the advances so far this early in the game:
(Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L’s, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN).
> Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC’s (Discrete Log Contracts), Suredbits (BTC Derivatives), DID’s (Decentralized ID network like Microsoft’s ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network).
>
> I think they are awesome:
>
> * RSK —> https://www.rsk.co/
>
> * RIF —> https://www.rifos.org/
>
> * SOV —> https://developers.rsk.co/solutions/sovryn/
>
> * STX —> https://www.stacks.co/
> * RGB —> https://www.rgbfaq.com/what-is-rgb
> * DLC’s —> https://www.coindesk.com/dlc-private-smart-contracts-bitcoin
>
> * Sidetree —> https://identity.foundation/sidetree/spec/
> > >
> * L-BTC —>
> https://blockstream.com/liquid/
> * WBTC —> https://www.gemini.com/cryptopedia/wbtc-what-is-wrapped-bitcoin
> * Suredbits —> https://suredbits.com/
>
> * Lightning Network—> https://lightning.network/
>
> * Microsoft ION —>https://identity.foundation/ion/
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