Bitcoin has always been revolutionary in its own way. However, it has limits. In a recent interview at the Bitcoin 2024 Conference, we discussed it with Sasha Mitchell, BeL2's Head of Operations. BeL2 (Bitcoin Elastos Layer 2) aims to take Bitcoin to a new utility level. But can they make Bitcoin the heart of an AI-powered, rights-focused digital economy? Let’s see.

How Can We Use Bitcoin Resources in Our Favor?

BeL2, or Bitcoin Elastos Layer 2, is a layer 2 that provides faster, more secure transactions on the Bitcoin network while remaining true to its essential principles.

"We're enabling a new kind of financial ecosystem," Mitchell explains. "You can use your Bitcoin to enter layer 2 environments, take out loans, issue stablecoins, and enable new financial applications."

BeL2's biggest innovation comes from its unique approach to Bitcoin use. By connecting to Bitcoin's network via Elastos technology, BeL2 gains unprecedented security without incurring additional fees for miners.

Mitchell elaborates: "Bitcoin is a massive ball of decentralized energy. We tap into this, getting 50% of its security, to create a new internet layer that allows us to control our finances and rights."

Unlike previous efforts, BeL2 keeps Bitcoin on the native layer. Users stake Bitcoin and bridge proof to layer 2, allowing them to engage smart contract ecosystems without having to move the asset. "We're the first movers in this space," Mitchell confidently claims. "It's about creating a Bitcoin-backed system."

Bitcoin's Role in a New Rights Economy

But can this new Bitcoin-backed system lay the framework for a new "rights economy"? Mitchell claims it does while painting an interesting picture. "Picture yourself taking a decentralized loan against your Bitcoin to buy rights on a marketplace, which could pay you revenue for an AI," he said.

BeL2's vision addresses two major trends: AI-driven job insecurity and inflation. They want to establish a fairer financial future by leveraging Bitcoin's scarcity and decentralization. "Bitcoin is digital freedom," Mitchell says. "It's the ability to own your finances digitally, like having a block of gold in your home."

As we approach the dawn of a new age, BeL2 represents more than just tech development. It represents a fundamental change in how we perceive and use Bitcoin.

In this brave new world, Bitcoin is more than just money and tech — it can be a full revolution. Bitcoin as a revolution might bring digital rights and AI to a fairer playing field. The future of Bitcoin is here, and it's more exciting than we ever imagined.