I have been paying attention to the Bitcoin Layer2 track since August 2023, and it has been more than a year. Like most people, my feeling about the entire Bitcoin Layer2 track is that it is very lagging and feels like it is going to fail!
JinseFinanceThe “L2 vs Ethereum” debate is a false dichotomy. This is not a zero-sum game. Ultimately, Ethereum and L2 are in this together.
JinseFinanceThe Bitcoin community has developed various Layer 2 blockchains that enhance the efficiency and functionality of the network without changing the core software.
JinseFinanceCLabs first stated its intention to migrate to Layer-2 in July 2023.
JinseFinanceCody Poh believes that there is a theoretical "glass ceiling" in Layer 2 valuation. Ethereum L1 ensures the security of L2 activities through its consensus mechanism, thus theoretically limiting the value of L2 to not exceed L1.
JinseFinanceMercury Layer implements off-chain transfer and settlement of Bitcoin UTXO through statechains
JinseFinanceCan Metis stand out among the many Layer 2 projects by taking advantage of other Rollups’ lack of centralized orderers and its own powerful economic model?
JinseFinanceIn my opinion, parallel EVM is just a highly "modular" manifestation of Rollup. After DA was invaded by a third party, the VM execution layer fell again, and layer 2 will be redefined in the future.
JinseFinanceMost signs point to a "Layer 2 Summer" becoming a reality, which will benefit Ethereum and smart contracts in general.
FtftxTwo days ago, I had the audacity to say "Layer 2 will save Ethereum".
Cointelegraph