This space is hosted by Bityuanofficial
Space Summary
The Twitter Space event commenced with the host, Kelsey, setting the stage and inviting the guests, Cyrus and Jason, notable experts from the BTN community and Webster F Party, respectively. The session aimed to delve into technical insights and community engagement strategies. Throughout the conversation, participants explored various critical topics, including the significance of Bitcoin in the cryptocurrency sphere, managing community channels, and introducing the guests' backgrounds and expertise in the domain. The session was designed as an AMA (Ask Me Anything) format, allowing for a robust question-and-answer interaction, providing participants with valuable knowledge and practical insights on navigating the evolving landscape of innovation and technology.
Questions
Q: Close.
A: Close our channel it.
Q: Yeah.
A: Yes.
Q: Okay, let's start.
A: Hello, everyone.
Q: I'm the host, Kelsey.
A: I'm very happy that you have come to participate in this AMA event.
Q: Today I'm discussing with Cyrus, the BTN community technical consultant and Jason consultant experts from Webster F party.
A: Let's welcome Cyrus and Jason.
Q: And now the session starts.
A: Cyrus and Jason, please introduce yourself and say hello to the audiences.
Q: Hello.
A: This is Jason from elf party.
Q: It's my honor to join in tonight's AmA with you.
A: Thank you.
Q: Okay, let's come to the first question.
A: Did you ever buy bitcoin?
Q: Jason, you answer first.
A: Yes, Cassie.
Q: Bitcoin is the most important cryptocurrency in the market.
A: It holds over half of this share.
Highlights
Time: 00:00:50
Close.
Time: 00:00:51
Close our channel it.
Time: 00:07:32
Yeah.
Time: 00:07:34
Yes.
Time: 00:07:40
Okay, let's start.
Time: 00:07:49
Hello, everyone.
Time: 00:07:50
I'm the host, Kelsey.
Time: 00:07:52
I'm very happy that you have come to participate in this AMA event.
Time: 00:07:57
Today I'm discussing with Cyrus, the BTN community technical consultant and Jason consultant experts from Webster F party.
Time: 00:08:08
Let's welcome Cyrus and Jason.
Time: 00:08:11
And now the session starts.
Key Takeaways
- Close.
- Close our channel it.
- Yeah.
- Yes.
- Okay
- let's start.
- Hello
- everyone.
- I'm the host
- Kelsey.
- I'm very happy that you have come to participate in this AMA event.
- Today I'm discussing with Cyrus
- the BTN community technical consultant and Jason consultant experts from Webster F party.
- Let's welcome Cyrus and Jason.
- And now the session starts.
Behind the Mic
Good work in a bear market, allowing more blockchain applications to be used safely and efficiently, can we be recognized in a bull market and the price can rise healthily and quickly. We are very grateful for the community's care and support over the years. It's because of you that Bidwen has come so far. Thanks. Thank you for the answer. What about you, Cyrus? Capital in the cryptocurrency market has primarily been directed towards bitcoin ETF's with traditional funds not yet focused on altcoin. As a member of the Altcoin family, BTy needs to capitalize on the opportunity present by bitcoin's second layer and the compatibility with ETH applications such as gaming. From a technical standpoint, BTY initial utilize bitcoin's power issuance maxim using BTC address. Let's start with one x, its late transition transit to a PoS mining mechanism which is compatible with yellow x address under the ETH EVM. This makes Bty a real public chain project that can use both BTC and ETH address from a market perspective. We need to promote and collaborate to ensure that everyone becomes aware and familiar with this advantage of BTY. That's it. Great. Is that your entire answer? yes. okay. Thank you. Nice. The effects of excessive currency issuance in the bull market and the strong trend of BTC ETF approval, as well as GameFi, Defi and other hot narratives, the diversified development of other alts form a situation of differentiated competition with BTY, which greatly reduces the popularity of BTY in the continuous strengthening of diff, the BTY ecology provides steady growth value. Great. The bullish trend forms a robust backdrop here. How high can one transaction fee get? Thanks for your answer. I would add, do you predict an increase in transaction fees? From the perspective of transaction fees, the value of the mainnet lies in the construction of a comprehensive ecosystem, and the support of projects and product landing will restrict excessive speculation. The prosperity of the mainnet ecosystem will help boost the value of the mainnet token, and transactions will continue to grow in the continuous launch of projects on the mainnet, inevitably pushing up the cost of transactions. Got it. That makes sense. So let's see if any of our participants have more questions? First of all, thank you very much for taking your time to do this AMA and for taking the community's questions into account. I would like to ask about BTY's strategy to increase its presence and use cases in the crypto space. Thank you. How are you planning to achieve that? BTY focuses on multi-party cooperation and the continous expansion of Layer2-based applications. This includes promoting the implementation of new projects and actively building to bringing projects and users on board, achieving rapid expansion. We also also leverage strategic partnerships to enhance our service scope and presence. That's impressive. Also, regarding ecosystem, can you be more specific about the measures being taken? For the construction of the BTY ecosystem, we currently plan from three aspects. The first is to actively promote the landing of mainstream applications, mainly focusing on infrastructure and cross-border core applications, and continuously enrich the application scenarios. The second aspect is to leverage our R&D efforts to provide relevant technical and research support. The third measure is marketing activities and cooperation with third-party organizations to further expand the mainstream recognition and application of BTY. In addition to the three measures outlined above, we will also expand our strategic development plan to three continents of Asia, Europe, and North America by advancing marketing cooperation with well-known third-party institutions and further expanding the influence of the ecosystem. Quite comprehensive. Jason thanks for the answer. Anything you want to add, Cyrus? Regarding the ecology of BTY, I want to add one thing. Sure , please go ahead. We will also offer subsidies especially for developers and reward outstanding nodes of ecological construction with BTY to achieve resource and economic models that are richer. Resource flow will be incorporated, including providing certain incentives for users who actively participate in our ecosystem. Additionally, we're aiming to establish a developer community and focus on interaction and integration of resources to enhance community influence. As Jason said, we are accelerating on three goals one of which is, of course, mainstream recognition. That's great. Thank you for the explanation. Next question please. Certainly. Thank you for the responses. As a loyal BTM holder, I want to understand more about how BTY achieves inter-chain protocols and cross-chain processes. Also, will that affect its presence in the long term? Thank you for your question. I will take the technical section first. With the support of the BTY team, we have gradually formed a number of verification nodes, that support identification, verification, interoperability and certainty for different chains at the same time. okay, That way, BTY can effectively solve the problems of cross-chain information errors and link security issues, and improve the efficiency and security of cross-chain protocol execution, to further promote the construction of our ecosystem. We additionally employ cross-chain atomic swaps and relays to provide secure and efficient cross-chain services under different mechanisms. This limits the uncertainty and potential risk associated with cross-chain transactions, further establishing BTY's long-term presence and market impact. Thank you for your answer. You mentioned cross-chain technology systems earlier, can you share some specific plans? In the early stage of ecosystem projects, we will consider recommending quality projects to incoperate BTY as a side-chain for technical docking. Subsequently, through the cooperation with foundation members, new data sources will be added cross chain, thus providing support for layer2 applications and expanding our ecosystem. That's it. Understood. Thank you. The next question goes to you, Jason. From what I've read, BTY fits well as a solution on top of a public chain. Can you expand on any prominent advantages? Certainly. BTY's advantage lies in its giving full play to light nodes and low gas fee advantages, providing a high-speed, secure environment for developers and ecological builders in need of cross-chain, distributed applications. This ensures that our solutions meet the demand for high performance, streamlines the development process, and significantly cuts associated costs. Secondly, BTY makes use of the advantages of the BTC environment and EVM multi-chain compatibility, resulting in low migration costs. In the initial stages, we will provide gas free support for all projects applications that rank highly and have a significant impact. The BTY ecosystem will also receive bty support from the foundation to help cover the development expenses. Thanks. Thank you. The above three selected users will be rewarded with 20 Bty person. The rewards will be sent to the address you submit on the phone. Thank you for your participation. Okay, thank you Cyrus and Jason for all the discussions today. And now the session is ended. Thank you. Thank you. Have a good night. We are very glad to have you guests in our session. Our weekly AMA on Saturday evenings will continue as scheduled. Follow BTBM's Twitter for event updates. Thank you everyone. Bye bye. Thank you. Bye.
