One of the things that Bitcoin didn't have is decentralized finance tools like the competition has and has been developing for the longest time. Many Bitcoin supporters say that eventually, everything will run on Bitcoin, with the added advantage that it will be Bitcoin, the asset everyone will use.
I think the world is a multicolor world where not only white and black exist, and I don't believe that it will be any different in the cryptocurrency world. And you can't call it decentralized finance if only one single network would support the whole thing. As such, I believe that for DeFi to be decentralized, it must exist in many networks. Each of those networks is Metaworld, with its unique characteristics and disadvantages that eventually will only form a single entity, the Metaverse. And Bitcoin will be part of that Metamask but not the absolute.
Let me introduce to you RSKsmart, previously known as Rootstock RSK, and Smarter Bitcoin. It is a sidechain that is bringing EVM-compatible functions to Bitcoin. Since it is a sidechain, its native asset must be pegged one to one to Bitcoin to be considered an actual Bitcoin sidechain.
RSKsmart bridge is protected by PowHSM technology, the most advanced bridge technology in the Bitcoin ecosystem. With RSK, you can reproduce and fork Ethereum projects into the sidechain and run well-established decentralized applications like decentralized exchanges, file sharing applications, and domain applications.
You have tools like Zero Protocol, a zero percent loan application brought to you by Sovryn, a decentralized exchange. Suppose you have a business opportunity and don't wish to sell your Bitcoin. In that case, you can know to borrow against your Bitcoin, get zUSD, exchange that into any other stablecoin and get your business idea running without selling your Bitcoin.
You also have many stablecoins on RSKsmart aside from the popular ones like Tether USDT, Coinbase-Circle USDC, and DoC, which is a stablecoin made by Money on Chain which is an overcollateralized stablecoin.
And finally, Sovryn is a decentralized exchange where you can buy tokens that already exist on the RSKsmart world like Riff, SOV, Mynt, and stablecoins. The Sovryn dex doesn't have that many tokens because the sidechain is relatively new, and it is not well known, not even among Bitocin holders yet but is growing daily.
I don't know if this kind of content will be okay on this network, but there you go; this is my first article, and I plan on bringing more content if this article doesn't get a soft ban and Bitcoin's sidechain topics are something that is allowed here.
And I am coming from ReadCash, NoiseCash, and ZapRead, so that you can find it there too.