BTC is Getting Zesty 🍊

Plus: the Mystery of Satoshi Nakamoto, Mt. Gox payouts, and more

October 04, 2024

Happy Friday, Maestros!

Welcome to another exciting week in the Bitcoin Renaissance.

This week, we’re bringing you a deep dive into the Fractal ecosystem and all its developments alongside the latest news and updates in Bitcoin development, infrastructure and more.

P.S Don’t forget to follow us on X

 🟠 Featured Stories

Mt. Gox Creditors Await Payouts: Creditors of Mt. Gox are set to receive payouts after the 2014 collapse, with 160,000 BTC being distributed. While some fear sell-offs, many plan to hold their assets.

Mystery of Satoshi Nakamoto: New findings reveal gaps in early mining activity by Satoshi Nakamoto, suggesting tests for Bitcoin’s resilience against 51% attacks.

Bitcoin Price Drops: Bitcoin fell nearly $4,000 (over 3%) following Iran's missile strike on Israel, reigniting discussions about its role as a safe-haven asset.

Enhancing Scalability with Lightning Network: Lightspark publishes a guide detailing how the Lightning Network improves Bitcoin’s scalability through fast, low-cost transactions and innovative routing techniques.

North Korea's Crypto Operations Exposed: An investigation revealed North Korea's infiltration of crypto firms through covert hiring, violating sanctions and exposing firms to hacks.

💡 Spotlight: A Deep Dive into the Zest Protocol

Exploring the Zest Protocol: As Bitcoin continues to carve its path in DeFi, the Zest Protocol emerges as a pioneering solution aimed at unlocking more of Bitcoin. This innovative protocol allows users to leverage their Bitcoin holdings by enabling lending and borrowing directly on-chain, creating a vibrant ecosystem that enhances Bitcoin's utility beyond mere speculation.

What is Zest Protocol?

Zest Protocol is a decentralized lending platform specifically designed for Bitcoin. It operates entirely on-chain, utilizing open-source smart contracts that ensure transparency and security. By allowing users to earn yield on their idle BTC or borrow against their holdings, Zest Protocol is positioned to make Bitcoin more productive and accessible.

Key Features

  • Lending and Borrowing: Users can lend their BTC to earn interest or borrow against their assets without needing to sell. This flexibility fosters liquidity and encourages the productive use of Bitcoin.

  • On-Chain Operations: All transactions occur on the blockchain, ensuring a seamless and secure experience. This structure eliminates intermediaries, aligning with the core principles of decentralization.

  • Open-Source Smart Contracts: The protocol's smart contracts are open for community review and contributions, enhancing security and fostering innovation within the ecosystem.

Why Zest Matters

The introduction of Zest Protocol is crucial for building a sustainable Bitcoin economy. By facilitating credit flow through lending mechanisms, it creates an environment where Bitcoin can function as more than just a store of value. This aligns with the broader vision of integrating Bitcoin into everyday financial activities, potentially attracting more users and developers to the ecosystem.

With ongoing developments like the upcoming launch of native BTC yield products in Q4 2024, Zest Protocol is set to play a pivotal role in shaping the future of Bitcoin DeFi. As it integrates with other platforms like Stacks and Babylon, Zest will provide innovative yield-generating opportunities that enhance the overall utility of Bitcoin.

In summary, Zest Protocol stands at the forefront of Bitcoin's DeFi revolution, promising to unlock new financial opportunities and solidify Bitcoin's place in the evolving digital economy. Keep an eye out on how Zest Protocol will influence the landscape of decentralized finance on Bitcoin.

Learn more here

📣 In Case You Missed It

📈 Growth

  • Journalistic Integrity on Bitcoin: Bitcoin Policy UK advises journalists to have a solid understanding of Bitcoin's fundamentals and terminology before reporting.

  • Bitcoin Investors in Better Position: On-chain metrics indicate a potential market shift, suggesting that Bitcoin investors are currently in a stronger position as market dynamics evolve.

⚒️ Infrastructure

🔒️ Security