This mechanism is actually much more complex than many people imagine.

But here's the problem.
This global-scale distributed network spends most of its time doing just one thing — transferring funds.
So when Dr. Liu said that Bitcoin has only unlocked less than 1% of its potential, I actually think that statement is valid.
It's not that Bitcoin isn't powerful enough, but that our way of using it is still very limited; and OP_CAT Layer