Hey
This is an interesting proposal called
KIP-31 from the Koii Network, and figured it might be worth discussing here. It suggests a way to build decentralized apps using Bitcoin as the base layer — without needing to change Bitcoin’s consensus or add smart contracts to Layer 1.
Here’s the gist:
It uses drivechain-style rollups that anchor to Bitcoin for security
Subnets (basically fast, separate chains) are launched for actual computation
These subnets are permissioned using Bitcoin ordinals — so each one is registered on-chain
The whole thing is modular, optional, and leaves the Bitcoin base untouched
It’s not trying to turn Bitcoin into Ethereum or add complexity to the main chain. Think of it more like a side-layer that uses Bitcoin’s existing infrastructure (ordinals, drivechains) in a new way.
The idea is to let developers build DeFi, NFTs, or other apps while still settling everything back to Bitcoin. The permissioning via ordinals is the unique part kind of like using inscriptions as access control or governance.
Here’s a breakdown if you want to dive deeper:
https://medium.com/@bobnymous/unlocking-bitcoins-potential-how-peer-to-peer-innovation-and-kip-31-could-transform-the-ecosystem-cde8d879fc09Curious to hear what people think:
Is this a clever way to expand Bitcoin’s use cases, or just adding fluff?
Could Bitcoin benefit from being a secure base layer for other networks, or should it stick strictly to being money?
What’s your take on using ordinals for something functional like subnet management?
Personally, I think it’s an interesting approach since there are no forks, no changing consensus, and all optional.
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