Franklin Templeton, a prominent investment giant, has announced its active surveillance of five key areas within the Bitcoin (BTC) ecosystem. The asset management firm has expressed keen interest in recent Bitcoin developments, notably the approval of BTC exchange-traded funds (ETFs) earlier this year.
Specifically, Franklin Templeton is closely monitoring Bitcoin layer-2 solutions, restaking and native yield protocols, ordinals, decentralized finance (DeFi) advancements, and BTC’s OP_CAT proposal.
Bitcoin ordinals enable users to embed digital content such as images and videos down to a single satoshi, transforming them into non-fungible tokens (NFTs) on the Bitcoin network.
Runes, a protocol aimed at enhancing the efficiency of creating fungible tokens on Bitcoin, has also captured their attention.
Regarding OP_CAT, a scripting feature conceptualized by Bitcoin’s pseudonymous creator Satoshi Nakamoto in 2010, there is a proposal to reintroduce this capability through a Bitcoin Improvement Proposal (BIP), as reported by OKX. According to OKX, OP_CAT enhances Bitcoin’s scripting capabilities by consolidating data into a single output through concatenation, thereby simplifying transactions and enabling the development of intricate smart contracts.
In addition to Bitcoin, Franklin Templeton is actively monitoring developments in the Ethereum (ETH) ecosystem. They view investing in ETH as ownership in the Ethereum blockchain, the largest decentralized ecosystem, which continues to witness ongoing innovation across its modular framework.
Areas of particular interest for Franklin Templeton include:
– Parallel Execution
– Restaking Primitives
– Alternative Data Availability
– Blob utilization post EIP 4844
Parallel execution enhances scalability by allowing the network to process multiple transactions simultaneously, according to CoinGecko.
Data availability ensures that necessary data for verifying blocks is accessible to all network participants, according to Ethereum.org. Platforms like Caldera highlight alternative data availability as a means for blockchains to maintain access to relevant data on a separate layer.
“Blobs” serve as dedicated storage spaces designed to reduce transaction fees, as explained by Etherscan.
For the latest updates, Franklin Templeton advises subscribing to their email alerts and following their updates on platforms like X, Facebook, and Telegram.
