In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge traditional financial systems, Bitcoin’s impact is evident in various real-world examples. One such example is the rise of Non-Fungible Tokens (NFTs), unique digital assets stored on the A blockchain is a decentralized and distributed digital ledger used to record transactions across multiple computers in a way that ensures the data can only be modified once it has been recorded. Once a block of data is recorded on the blockchain, it becomes extremely difficult to change it without altering all subsequent blocks, which requires consensus from the majority... More, which Bitcoin has ventured into, bringing newfound attention and legitimacy to this emerging market. Additionally, Bitcoin has made significant inroads into the decentralized finance (DeFi, short for "Decentralized Finance," refers to a movement that aims to create an open-source, permissionless, and transparent financial service ecosystem without the need for traditional intermediaries, such as banks, brokers, or insurance companies. DeFi platforms are primarily built on the Ethereum blockchain, leveraging smart contracts to automate complex financial transactions. Key Points: • Smart Contracts: At the heart of... More) sector. In 2020, DeFi platforms like Ethereum dominated, but recent months have witnessed Bitcoin’s emergence as a major player. Projects like RSK and Sovryn Leverage is the ability to control a large position with a small amount of capital. It is commonly used in the financial industry to amplify the potential returns from an investment. However, while leverage can magnify profits, it can also magnify losses. Key Points: • Mechanism: Leverage is achieved by borrowing funds to increase the size of a trade or... More Bitcoin’s security and network effects to offer decentralized lending, borrowing, and trading services. This adaptability and integration with innovative financial technologies highlight Bitcoin’s potential.