ย Since Inscription and Ordinal, Bitcoin L2 is proliferating, even more so than Ethereum L2.
ย We need a neutral and reasonable mechanism to analyze these Bitcoin L2s.
ย Fortunately these "@l2beat ๐๐จ๐ซ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐" ๐๐ซ๐ ๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ .
๐ย Since Inscription and Ordinal, Bitcoin L2 is proliferating, even more so than Ethereum L2.
๐ฅบย We need a neutral and reasonable mechanism to analyze these Bitcoin L2s.
โจย Fortunately these "@l2beat for Bitcoin L2" are emerging. ๐งต
๐ซกย The security analysis and decentralization evaluation of Ethereum L2 has been led by @L2beat, and recently @growthepie.
These guys are doing legendary work on publicizing informations on Ethereum L2 for anyone.
๐ง ย Bitcoin L2 enters the realm of L2 as a brand new species.
๐คฏย The paradigm of Bitcoin L2 is completely different from Ethereum L2, so we need a new way of analyzing it.
Bridge Security
Degree of decentralization
Execution / DA Layer Difference
โฆโฆ
๐ย Today, we see the following projects focused on analyzing the progress of the Bitcoin L2 ecosystem:
@BitcoinRollups
@BitcoinLayers
@Blockchairโs L2 Watch
@BitcoinRollups is an educational resource covering Bitcoin rollups.
You can find educational materials here. This can help you get the general ideas and concepts of Bitcoin Rollup and L2.
https://www.bitcoinrollups.io/
@BitcoinLayers further explores the different layers (or protocols) of Bitcoin L2.
You can know more about the L2 paradigms and designs of Bitcoin L2.
@Blockchairโs L2 Watch tracks the booming L2 Bitcoin ecosystem.
You can find almost all the Bitcoin L2 projects and their basic intro here. This is a super helpful landscape view for Bitcoin L2.
๐ย Additionally, there are some public views and opinions on categorizing Bitcoin L2:
@BitcoinMagazineโs Editorial Policy
@hosseebโs discussion
@januszg_โs view
@BitcoinMagazine published editorial policy on Bitcoin L2 coverage.
@BobBodilyโs TLDR, and he also listed a few evaluations on Ethereum L2 perspective for implementing them on Bitcoin:
L2 cannot have its own token
Must be able to bridge back to L1
Cannot function without Bitcoin
Meta-protocols are ok (Ordinals, BRC-20)
1. L2 cannot have its own token
2. Must be able to bridge back to L1
3. Cannot function without Bitcoin
4. Meta-protocols are ok (Ordinals, BRC-20)
Let's do a quick analysis to see what this means
@hosseeb raised the question โWhat are your feelings on Bitcoin L2s?โ
@BobBodily in the discussion gave a clear picture on what we can build for Bitcoin L2, and whatโs not possible right now.
ZK Rollups - can't build yet
Optimistic Rollups - can't build yet
State Channels - possible, Lightning Network
Plasma - can't build yet
Off-chain DA
Validium - can't build yet
Optimium - can't build yet
Other
Sovereign rollups - not a true L2, user-verified proofs w/
@januszg_ pointed out the cool stuff happening in the Bitcoin scaling space, along with scams and noises.
๐ฅบย Go back to @L2Beat. They extends to spaces outside L2 (the rollup layer) itself, such as L2โs Bridge, and probably Validium (https://twitter.com/bkiepuszewski/status/1768362982457639031).
Wen L2Beat for Bitcoin L2s by L2Beat?
๐ซกย All in all, we definitely need more public resources and education in any space in Crypto, especially L2!
๐ฅย Bitcoin L2 is going great!
