比特幣：DeFi 復興背後的動力來源

比特幣預計在 2024 年徹底改變去中心化金融 (DeFi)，成為關鍵的安全提供商，並透過 Ordinals 和比特幣擴容解決方案等進步解鎖萬億美元的資產類別。這個「BTCFi」未來將涉及利用比特幣無與倫比的安全性來實現與 EVM 相容的智慧合約，並利用比特幣作為安全資產和交易媒介的雙重角色。

Bitcoin: The Engine Driving the Next DeFi Revolution

比特幣：推動下一次 DeFi 革命的引擎

The blockchain technology that underpins Bitcoin is rapidly evolving into a crucial security provider for decentralized apps (dApps) and an asset with newfound utility and interoperability. This resurgence of interest in Bitcoin has set the stage for a new era of DeFi innovation, characterized by the seamless integration of Bitcoin's unparalleled security and reliability into the vibrant DeFi ecosystem.

支援比特幣的區塊鏈技術正在迅速發展成為去中心化應用程式（dApp）的重要安全提供者以及具有新發現的實用性和互通性的資產。人們對比特幣興趣的復甦為 DeFi 創新的新時代奠定了基礎，其特點是將比特幣無與倫比的安全性和可靠性無縫整合到充滿活力的 DeFi 生態系統中。

The Origins of DeFi and the Role of Blockchain

DeFi 的起源和區塊鏈的作用

The genesis of the decentralized finance (DeFi) revolution can be traced back to 2020, when the advent of smart contracts expanded the utility of blockchain technology beyond its initial role as a ledger for maintaining asset ownership. This technological breakthrough transformed the blockchain into a robust platform capable of supporting a vast array of interoperable financial ecosystems.

去中心化金融（DeFi）革命的起源可以追溯到 2020 年，當時智慧合約的出現擴大了區塊鏈技術的實用性，超出了其最初作為維護資產所有權的分類帳的作用。這項技術突破將區塊鏈轉變為一個強大的平台，能夠支援大量可互通的金融生態系統。

On the Ethereum Virtual Machine (EVM), individuals worldwide were empowered to assume the role of their own banks, gaining access to a multitude of interoperable financial applications. This transformative evolution provided a tantalizing glimpse into a future of finance governed by immutable code, free from the capriciousness of human intermediaries.

在以太坊虛擬機器（EVM）上，世界各地的個人都有權扮演自己銀行的角色，獲得對多種可互通的金融應用程式的存取權。這種變革性的演進讓我們得以一窺由不可變程式碼管理的金融未來，不受人類中介機構的反覆無常的影響。

As DeFi Summer unfolded, the technological advancements and enthusiasm fueling this nascent industry extended beyond financial applications, encompassing non-financial blockchain use cases such as non-fungible tokens (NFTs). Blockchains demonstrated their versatility by serving not only as hosts for financial systems but also as vibrant hubs for art, culture, and gaming.

隨著 DeFi Summer 的展開，推動這一新興行業的技術進步和熱情超出了金融應用範圍，涵蓋了非金融區塊鏈用例，例如不可替代代幣（NFT）。區塊鏈不僅作為金融系統的主機，而且還作為充滿活力的藝術、文化和遊戲中心，展現了其多功能性。

Driven by the relentless pursuit of innovation, blockchain technology seemingly expanded into every conceivable use case, often extending beyond its core utility and practicality at the height of the craze. This unbridled expansion ultimately sowed the seeds of fear during the crypto winter of 2022, although NFTs would ultimately emerge from this period of adversity with renewed vigor.

在對創新的不懈追求的推動下，區塊鏈技術似乎擴展到了每一個可以想像的用例，在熱潮最高峰時往往超出了其核心效用和實用性。這種肆無忌憚的擴張最終在 2022 年的加密貨幣冬天播下了恐懼的種子，儘管 NFT 最終會以新的活力從這段逆境中崛起。

The Revival of Bitcoin and the Advent of Ordinals

比特幣的復興與序數的出現

The year 2023 witnessed a resurgence of blockchain enthusiasm, thanks in no small part to the resurgence of NFTs, this time taking the form of Ordinals on the Bitcoin blockchain. Similar to the manner in which DeFi Summer unveiled new blockchain capabilities, Ordinals and BRC20 tokens showcased Bitcoin's untapped potential, igniting excitement about the future possibilities of blockchain technology.

2023 年見證了區塊鏈熱情的復甦，這在很大程度上要歸功於 NFT 的復甦，這次以比特幣區塊鏈上的序數形式出現。與 DeFi Summer 推出新區塊鏈功能的方式類似，Ordinals 和 BRC20 代幣展示了比特幣尚未開發的潛力，引發了人們對區塊鏈技術未來可能性的興奮。

The emergence of Ordinals and BRC-20 tokens raised a fundamental question: if Bitcoin could seamlessly accommodate NFTs and tokens, what other applications could potentially leverage its unparalleled security and popularity?

Ordinals 和 BRC-20 代幣的出現提出了一個基本問題：如果比特幣能夠無縫容納 NFT 和代幣，那麼還有哪些應用程式可以利用其無與倫比的安全性和受歡迎程度？

Introducing BTCFi: Unlocking the Power of Bitcoin

BTCFi 簡介：釋放比特幣的力量

In retrospect, the NFT craze of 2021 can be interpreted as the waning of a hype cycle. While inherently valuable, the technology was largely a reverberation of DeFi's technological splash. In contrast, the current enthusiasm surrounding Ordinals feels akin to the dawn of a new cycle, representing a newfound demand that will undoubtedly have far-reaching implications. This is not a mere repetition of past utility; it is an intriguing development whose potential is only just beginning to be realized.

回想起來，2021 年的 NFT 熱潮可以被解讀為炒作週期的衰退。儘管該技術本質上很有價值，但它很大程度上是 DeFi 技術飛躍的迴響。相較之下，當前圍繞序號的熱情感覺就像是新周期的黎明，代表著新發現的需求，這無疑將產生深遠的影響。這不僅僅是對過去效用的重複；這是一個有趣的發展，其潛力才剛開始被認識。

Prior to the advent of Ordinals and BRC-20, Bitcoin was widely perceived as serving a solely passive role within the blockchain ecosystem, offering little beyond its fundamental asset functionality. However, this perception has shifted dramatically in recent times. Thanks to a series of significant advancements from a usability standpoint, Bitcoin is emerging as a critical security provider for DeFi and as an asset with newfound utility and interoperability.

在 Ordinals 和 BRC-20 出現之前，人們普遍認為比特幣在區塊鏈生態系統中僅扮演被動角色，除了其基本資產功能之外幾乎沒有提供任何功能。然而，這種看法近年來發生了巨大轉變。由於從可用性角度來看，比特幣取得了一系列重大進步，它正在成為 DeFi 的關鍵安全提供者，並成為具有新發現的實用性和互通性的資產。

The future of Bitcoin DeFi lies in harnessing the Bitcoin network's unparalleled security for EVM-compatible smart contracts. Leading EVM-compatible Bitcoin scaling solutions are pioneering innovative methods to incentivize Bitcoin miners to simultaneously secure both the BTC asset and smart contracts, all while maintaining their independence. Ensuring that miners, and consequently Bitcoin itself, derive tangible value is essential for expanding the Bitcoin network beyond its current role as custodian of the BTC asset.

比特幣 DeFi 的未來在於利用比特幣網路無與倫比的安全性來實現 EVM 相容的智慧合約。領先的 EVM 相容比特幣擴容解決方案正在開創創新方法，以激勵比特幣礦工同時保護 BTC 資產和智慧合約，同時保持其獨立性。確保礦工以及比特幣本身獲得有形價值對於擴展比特幣網路超越其當前作為比特幣資產託管人的角色至關重要。

Unlocking the Potential of the BTC Asset

釋放比特幣資產的潛力

Historically, BTC has served primarily as a passive store of value, playing no active role in DeFi security or commerce. However, much like ETH's dual function as a security provider for Ethereum and a currency, Bitcoin possesses the potential to evolve into a versatile asset extending beyond the confines of the base Bitcoin chain. The introduction of Bitcoin staking in 2024 is poised to transform BTC from a passive asset into a rewards-generating asset, marking a significant shift in its utility.

從歷史上看，BTC 主要充當被動的價值儲存手段，在 DeFi 安全或商業中沒有發揮積極作用。然而，就像 ETH 作為以太坊安全提供者和貨幣的雙重功能一樣，比特幣有潛力演變成一種超越比特幣基礎鏈範圍的多功能資產。 2024 年比特幣質押的推出可望將 BTC 從被動資產轉變為產生回報的資產，標誌著其效用的重大轉變。

As DeFi ecosystems become increasingly aligned with both Bitcoin miners and Bitcoin holders/stakers, these ecosystems will emerge as the preeminent and most secure platforms for "BTCFi." With advancements such as HTLC atomic swaps and innovative bridging solutions overcoming technical hurdles, BTC is poised to flood into DeFi protocols. This influx will unlock extraordinary utility for the world's premier and most trusted blockchain-based asset.

隨著 DeFi 生態系統越來越與比特幣礦工和比特幣持有者/利益相關者保持一致，這些生態系統將成為「BTCFi」卓越且最安全的平台。隨著 HTLC 原子交換等進步和克服技術障礙的創新橋接解決方案，BTC 已準備好湧入 DeFi 協議。這種湧入將為世界上最重要、最值得信賴的基於區塊鏈的資產釋放非凡的效用。

Building Bitcoin DeFi Together

共同建構比特幣 DeFi

For the first time in years, Bitcoin is leading the charge in blockchain innovation. Now that the Bitcoin base layer is widely acknowledged as permanently secure, it is time to embark on the development of solutions that will elevate it to new heights. Given that the BTC asset is the definitive self-sovereign asset, it is only fitting that the Bitcoin network should become the primary protector of the future of self-sovereign decentralized finance.

多年來，比特幣首次引領區塊鏈創新。既然比特幣基礎層被廣泛認為是永久安全的，現在是時候開始開發將其提升到新高度的解決方案了。鑑於比特幣資產是最終的自主主權資產，比特幣網路成為自主去中心化金融未來的主要保護者是再合適不過的了。

The Bitcoin community is acutely aware of the vast potential that lies dormant within its network and its currency. It is time to seize this opportunity and unlock this potential, fostering innovations that empower Bitcoin, DeFi, and the global pursuit of financial independence.

比特幣社群敏銳地意識到其網路和貨幣蘊藏著巨大的潛力。現在是抓住這個機會並釋放這種潛力的時候了，培育創新，增強比特幣、DeFi 和全球對金融獨立的追求。