Bitcoin will never be the network most users will use to spend BTC or for financial services. The low scalability of the protocol makes this impossible. People will use BTC on other networks. The Lightning Network and several sidechains are being built. What if the best place to have BTC is Cardano? Cardano is a platform, so in addition to fast and cheap transactions, it offers a much broader use of BTC, for example in DeFi services. Bitcoiners don’t have to use a centralized service like the bankrupt Celsius for lending. In addition, Bitcoin doesn’t need Ordinals and BRC-20 because of tokens, as Cardano is a more suitable platform for minting them. Users want to find a place where they can use BTC while having tokens available along with related services such as DEXs, NFT marketplaces, lending platforms, etc. Networks that can send digital value quickly and cheaply are important for wider adoption, but perhaps even more important is offering financial services to users, and these cannot do without smart contracts.
TLDR
People will use the networks with the most utility on them. They will not be driven by ideology but will make pragmatic choices. Using BRC-20 tokens just clogs up Bitcoin, while Cardano can mint tokens better and you can use apps and second layers.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/cardano-as-a-platform-for-btc