Layer 2 and the Evolution of Bitcoin
The Bitcoin community has developed various Layer 2 blockchains that enhance the efficiency and functionality of the network without changing the core software.
JinseFinanceThe Bitcoin community has developed various Layer 2 blockchains that enhance the efficiency and functionality of the network without changing the core software.
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.
JinseFinanceThis article will introduce Rollup and Taproot Consensus in Bitcoin Layer 2.
JinseFinanceThere are many Bitcoin Layer2s on the market. We simply divide them into four categories: Bitcoin sidechain, UTXO+client verification, Rollp, and Taproot Consensus. This article will first introduce the first two categories.
JinseFinanceBitcoin Magazine establishes criteria for Bitcoin Layer 2 protocols, emphasizing reliance on Bitcoin and exclusion of parasitic systems.
Cheng YuanMercury Layer implements off-chain transfer and settlement of Bitcoin UTXO through statechains
JinseFinanceWhy is Bitcoin’s second layer scaling getting so much attention? Because everyone has discovered that the second layer of expansion will be the only way for the development and growth of the Bitcoin ecosystem.
JinseFinanceThis article compares Bitcoin L2 to L1 and discusses some of the most promising Bitcoin L2 projects. Additionally, this article discusses interesting entrepreneurial opportunities related to Bitcoin L2.
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.
JinseFinance