2.1 Limited Empowerment of BTC Native Assets

The native assets of non-smart contract chains, such as BTC, generally face limitations in asset empowerment, limited application scenarios, and the inability to achieve value accumulation. As a result, they have become passive, non-productive store of value assets.

Limitations of Non-Turing Complete Smart Contract Languages:

The non-Turing complete Bitcoin network lacks support for programmable smart contract languages, thereby inhibiting the construction of complex dapps on the Bitcoin blockchain. While the non-Turing complete scripting language of Bitcoin restricts the development of sophisticated applications, it also brings advantages such as high security and a minimalist design. Consequently, the native Bitcoin network is not suitable for providing rich application scenarios for assets.

Weak Asset Empowerment:

The Bitcoin network is incapable of facilitating a diverse range of financial product services, resulting in limited asset empowerment and revenue opportunities for BTC holders. As a result, B TC holders have a relatively passive role in asset appreciation, primarily utilizing it as a form of digital gold or value storage, severely limiting the application scenarios of Bitcoin and other non-smart contract chain assets.

Limitations on Value Accumulation:

Compared to assets on other smart contract chains, assets on non-smart contract chains like Bitcoin cannot effectively accumulate value. In contrast, smart contract platforms like Ethereum allow asset holders to actively achieve asset appreciation through diverse decentralized financial mechanisms such as liquidity mining, lending, and yield aggregation.