NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

BlockTower Exec: Bitcoin Unlikely To Get Ousted By Fast, Feature-Rich Crypto Assets

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ari Paul, the managing partner of crypto asset investment group BlockTower, recently took to Twitter to make an intriguing claim: Bitcoin (BTC), the asset, is bigger than its own underlying blockchain. You heard that right. The industry insider, formerly of the University of Chicago’s portfolio and Susquehanna International, explained his reasoning behind this claim, and the implications it could have on the broader crypto ecosystem.

Related Reading | No One Needs An ETF & Bakkt, BTC Already Is Money: Crypto Investor

BTC > The Bitcoin Blockchain

In a recent thread on Twitter about the matter, Paul claimed that there’s a decidedly apparent difference between BTC and the blockchain itself, subsequently explaining why the former has more value than the latter.

For those who missed the memo, Bitcoin isn’t a walled garden. Far from, in fact. While the network seems independent, drifting on its own in the ether that is the digital realm, Satoshi Nakamoto made money programmable. In an evident testament to his, her, or their anti-establishment belief system, the godfather of this nascent sector left users with the ability to build on the cornerstone, even foundation that is BTC.

1/ I'm used to talking to traditional finance folks about why "blockchain not bitcoin" makes no sense. (tweestorm link below). I'm increasingly excited about crypto folks understanding that Bitcoin is bigger than the Bitcoin blockchain. https://t.co/jgq10UD0HI

— Ari Paul ⛓️ (@AriDavidPaul) February 8, 2019

Paul touched on this facet, explaining how there is a new paradigm of industry insiders that are using BTC for alternative use cases, even in other ecosystems. He explained:

“If [BTC was just transacted only on its network], that would be a problem, since the Bitcoin blockchain is first generation technology with limited throughput and features. But… BTC can be used on other protocols and networks.”

Case in point, the cryptocurrency has recently begun to see use in so-called “sidechains” and “second, third, and so-on layers.” The investor drew attention to the Lightning Network as an example, explaining that the layer two protocol allows for “numerous fast and cheap BTC transfers that are settled and secured by the main Bitcoin chain.

Related Reading | Bitcoin Lightning Network Continues To Thrive Amid Crypto Downturn

Although Lightning’s raison d’etre of improving BTC’s status as digital cash is of utmost importance, Paul noted that he believes that over time, users will begin to utilize sidechains, drivechains, and other solutions based on Bitcoin. Remarking on the importance of this trend, and the effect this could have on alternative blockchains/crypto assets, Paul wrote:

“[Bitcoin’s programmable nature] means that BTC is unlikely to be rendered obsolete by competing protocols that offer incremental improvements. It is not limited to the Bitcoin blockchain’s features or throughput limitations.”

Thus he concluded that cryptocurrencies cannot simply usurp Bitcoin’s long-standing hegemony by simply “adding features, or with incrementally better transactional throughput,” but by utilizing different governance and consensus mechanisms, monetary models, or security models.

Even still, the BlockTower head questioned the thought process that BTC will ever bite the dust. And he isn’t alone in the overt touting of this model. A.T. Kearney, a multinational management consulting firm, recently claimed that Bitcoin’s market dominance could swell to 66% from 52% in the coming months and years. The fact that institutions are focusing their crypto-related efforts on Bitcoin only cements the idea that the flagship cryptocurrency isn’t going anywhere.

Featured Image from Shutterstock
Tweet123Share232ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

hyperliquid price surge

Hyperliquid Hits $400B Trading Volume and $100M Revenue as HYPE Price Eyes $55 Breakout

Hyperliquid is slowly building a name within the decentralized finance (DeFi) sector. In August, the platform recorded nearly $400 billion...

James Halver 3 hours ago

Bitcoin And Ethereum Exchange Inflows Overshadow Stablecoin Demand – Details

Bitcoin is once again at the center of market turbulence, trading just above the $110,000 level, which many analysts view...

Sebastian Villafuerte 6 hours ago
XRP

XRP Faces Crucial Test With ETF Approval Chances Now At 87%

According to market reports, two ETF decisions are coming up in October. Grayscale faces an Oct. 18 deadline, while Canary...

Christian Encila 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

crypto ethereum bitcoin eth ethusd btc btcusd

Spot Crypto Trading Gets Major Green Light From US Regulators

James Halver 21 minutes ago
Ethereum

Ethereum Network Activity Surges As Daily Transactions Reach 12-Month Peak — Details

Godspower Owie 1 hour ago
Cardano

Cardano Founder Says Chainlink Quoted Them An ‘Absurd Price’, Here’s Why

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023 Pepe Coin – ktorý „penny“ token bude ďalší?

    Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023...

    1 hour ago
  • イーサリアム...

    2 hours ago
  • ビットコイン...

    2 hours ago
  • 750 dollárból 1 500 000 dollár: 2021-ben Shiba Inu...

    2 hours ago
  • Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba Inu, u 2023. Pepe Coin, koji je sljedeći token s potencijalom?

    Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.