The bitcoin price may be down from its all-time highs, but off-chain uses for bitcoin assets are in their own bull market.
This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher.
One of the more interesting and controversial developments in the Bitcoin ecosystem is off-chain use cases. Many of these applications are not technologically identical, but they all nonetheless expand the list of potential use cases apart from the Bitcoin base layer for a given bitcoin holder. And some of these products are completely outside the Bitcoin economy altogether.