The Bitcoin Renaissance: A Miner's Perspective
The 2023 introduction of ordinals and BitVM ignited innovation across the Bitcoin network. This new wave of development was dubbed the “Bitcoin Renaissance” and reflects a definitive transformation of the protocol's underlying functionality and future scalability. This movement has sparked a surge in developer activity and a greater focus on enhancing utility—which, as a result, has caused Bitcoin to evolve rapidly and led to a proliferation of new use cases. Two years into the Renaissance, is it time to take a step back and consider the long-term implications for protocol users and miners.