👀 Since Inscription and Ordinal, Bitcoin L2 is proliferating, even more so than Ethereum L2.
🥺 We need a neutral and reasonable mechanism to analyze these Bitcoin L2s.
✨ Fortunately these "@l2beat for Bitcoin L2" are emerging. 🧵
🫡 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.
🧠 Bitcoin L2 enters the realm of L2 as a brand new species.
🤯 The paradigm of Bitcoin L2 is completely different from Ethereum L2, so we need a new way of analyzing it.
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Bridge Security
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Degree of decentralization
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Execution / DA Layer Difference
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……
👀 Today, we see the following projects focused on analyzing the progress of the Bitcoin L2 ecosystem:
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@BitcoinRollups
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@BitcoinLayers
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@Blockchair’s 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.
https://www.bitcoinlayers.org/
- @Blockchair’s 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.
👀 Additionally, there are some public views and opinions on categorizing Bitcoin L2:
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@BitcoinMagazine’s Editorial Policy
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@hosseeb’s discussion
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@januszg_’s view
- @BitcoinMagazine published editorial policy on Bitcoin L2 coverage.
@BobBodily’s TLDR, and he also listed a few evaluations on Ethereum L2 perspective for implementing them on Bitcoin:
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L2 cannot have its own token
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Must be able to bridge back to L1
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Cannot function without Bitcoin
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Meta-protocols are ok (Ordinals, BRC-20)
https://twitter.com/BobBodily/status/1760350951691755909
- @hosseeb raised the question “What are your feelings on Bitcoin L2s?”
@BobBodily in the discussion gave a clear picture on what we can build for Bitcoin L2, and what’s not possible right now.
https://twitter.com/BobBodily/status/1758368653081530778
- @januszg_ pointed out the cool stuff happening in the Bitcoin scaling space, along with scams and noises.
https://twitter.com/januszg_/status/1767929460202901779
🥺 Go back to @L2Beat. They extends to spaces outside L2 (the rollup layer) itself, such as L2’s Bridge, and probably Validium (https://twitter.com/bkiepuszewski/status/1768362982457639031).
Wen L2Beat for Bitcoin L2s by L2Beat?
🫡 All in all, we definitely need more public resources and education in any space in Crypto, especially L2!
🔥 Bitcoin L2 is going great!