Bitcoin, often called digital gold, has primarily served as a store of value. But what if its potential goes beyond that? BeL2, a new project, seeks to push Bitcoin's boundaries and develop a new decentralized financial system for its users.

We met with BeL2's Head of Operations Sasha Mitchell during the Bitcoin 2024 conference. What's their vision? A future in which Bitcoin serves as the cornerstone of a new financial ecosystem.

BeL2, or Bitcoin Elastos Layer 2, uses Elastos' SmartWeb technology. It offers quicker, more secure transactions on the Bitcoin network while sticking to its core principles. Bitcoin's proof-of-work (PoW) network requires significant resources from miners, to provide stronger security.

BeL2 leverages this security without adding additional load via merge mining. The method shares network resources, bringing Bitcoin's security to the Elastos network.

A crucial feature is that Bitcoin holders can now access Layer 2 environments without moving their holdings. "We're exploring ways for users to interact with their Bitcoin more flexibly," Mitchell claims. "This includes entering layer 2 environments for loans or issuing new stablecoins."

Mitchell views Bitcoin as more than just a cryptocurrency. For him, bitcoin is a tool for digital freedom. In a world where inflation erodes assets and job stability dwindles, Bitcoin provides a beacon of hope. Mitchell asserts that Bitcoin provides digital freedom. "It's the ability to own your own finances, like having a block of gold at home, but digitally."

As AI and robotics reshape our world, Bitcoin-backed systems like BeL2 offer a counterbalance. They provide a decentralized, manipulation-resistant foundation for the future economy.

The road ahead is exciting. As projects like BeL2 continue to innovate, we're witnessing the birth of a new financial era; one where digital gold isn't just stored—it's put to work.