Can they use the bitcoin blockchain as a foundation and place their middleware stack and end-user decentralized Web 3 and decentralized finance (DeFi) applications on top? Compared to them, development on top of the bitcoin blockchain was not seriously considered until recently when in May, Microsoft announced their permissionless, Decentralized Identifier (DID) network called ION running exclusively on top of the bitcoin blockchain. That triggered a shift in the sentiment that developers and enterprises should also consider bitcoin as a potential layer for enterprise blockchain development. The bitcoin blockchain is currently secured by 97 quintillion hashes per second, or EH/s. Innovations in bitcoin Lucas NuzziOf course, a lot more will be required from bitcoin for it to become the dominant enterprise development stack.

Source: Forbes December 17, 2019 15:11 UTC