Bitcoin L2 technology has attracted much attention since the birth of Stacks in 2015. With its unique side chain or state channel technology solution, it aims to introduce smart contract functions to the Bitcoin network or enhance its application in the payment field.
JinseFinanceTBC.network is not a new thing, it is a function that Bitcoin already has. It is an Easter egg left by Satoshi Nakamoto as a member of the P2P community, and a backbone infrastructure of the P2P network.
JinseFinanceObviously, we are still in the first half of the bull market, and the stories of the mid- and second-half of the bull market are still in the making.
JinseFinanceBotanix is a Bitcoin Layer 2 network equivalent to the Ethereum Virtual Machine.
JinseFinanceBefore we delve into the concept of RGB++, why the CKB team chose the RGB protocol, and how they plan the development of Bitcoin Layer 2, it is necessary for us to go back in time and learn more about the history, background, and original intentions of CKB.
JinseFinanceThe current status of the Bitcoin ecology industry, my views on the Layer 2 definition proposed by Bitcoin Magazine, and my own evaluation method for Bitcoin Layer 2.
JinseFinanceBitcoin Magazine reaffirms its commitment to covering Bitcoin Layer 2 protocols, emphasizing native asset usage, settlement via Bitcoin, and dependency on Bitcoin for coverage eligibility. It clarifies criteria and excludes imitative ventures from its scope.
Huang BoThere are also obvious dependencies between different components in the Bitcoin/Ethereum Layer 2 security model. In other words, the security of some components is more basic and important than the security of other components, which is the so-called "shorter".
JinseFinanceThe concept of Layer 2 is not unique to Bitcoin or Ethereum, but is a general direction of expansion technology in blockchain technology.
JinseFinanceLayer 2 of general computing smart contracts on Bitcoin has always been a problem because the Bitcoin network cannot be relied on to ensure the security of smart contracts.
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