The Halving Highlights Why Bitcoin Needs to Upgrade

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Bitcoin (BTC) Is Fundamentally Different From Other Cryptocurrencies: Fidelity Digital Assets
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To unlock the possibilities that the best talent in Web3 has to offer, developers need to be given the tools to build easily, efficiently and interoperably on top of Bitcoin. However, to achieve this, changes will need to be addressed at a Layer 1 level.

Fortunately, there are some paths forward being explored right now that aren’t built on Layer 2’s. For example, there has been a proposal to reintroduce the “OP_CAT” opcode that would allow for multiple script variables to be concatenated into one, which would significantly improve the ability for developers to build on top of the network and deploy new services in a highly efficient manner.

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