Bitcoin has evolved significantly since its inception, becoming a major financial asset. Jeff Garzik, co-founder of Hemi, highlighted in a recent podcast that while Bitcoin has established itself as a medium of exchange and store of value, its integration into decentralized finance and applications is still limited compared to ecosystems like Ethereum and Solana. Garzik emphasized the impact of transaction fees during network congestion on Bitcoin's scalability. Hemi aims to enhance Bitcoin's functionality by implementing rollups and layer 2 solutions, allowing for seamless scaling and increased programmability. Beyond its monetary value, Garzik also reflected on the foundational ideals of Bitcoin as an open-source technology that can positively influence lives, recalling the fears of early developers regarding legal repercussions for creating a non-fiat currency. This perspective reinforces the notion that Bitcoin's potential extends far beyond its current market valuation.

Source 🔗