Programming Bitcoin

The podcast presents a comprehensive study of Bitcoin's layer 1 and layer 2 protocols, focusing on how improvements, particularly Taproot, have expanded the network's programming capabilities. Protocols such as Ordinals and Atomicals for creating NFTs and fungible tokens (BRC-20, ARC-20) are examined, along with layer 2 solutions like BitVM, Babylon, BEVM, Stacks, RGB++, and the Lightning Network, analyzing their mechanisms, advantages, and disadvantages. The study includes an analysis of Bitcoin blockchain data to support claims about the impact of these innovations. Finally, different token standards on Bitcoin are compared.