Discussion: Does Bitcoin need Layer-2s?

Recent developments in the Bitcoin ecosystem, such as the surge in Ordinals, Inscriptions, and the introduction of BitVM, reflect a shift towards enhancing Bitcoin's functionality with Layer 2 solutions. Despite challenges and a conservative upgrade approach, initiatives like Babylon and BitVM aim to broaden Bitcoin's utility, potentially reshaping its role in the blockchain landscape. While Bitcoin's Layer 2 ecosystem may lag behind other ecosystems in some aspects, strategic partnerships and a focus on expanding use cases demonstrate the potential for Bitcoin to evolve into a centralized hub for shared security and innovation.

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Nikhil Chaturvedi

NikhilChatu

Nikhil is a Researcher focused on Web3 Infrastructure and Decentralized AI. Previously he was leading BD at Upshot and prior to that was working on growing Avalanche at Ava Labs.

Kinji Steimetz

SteimetzKinji

Kinji formerly covered crypto at Morgan Stanley. His primary interests are DeFi, Ponzi's and unstable stablecoins.

Kunal Goel

kunalgoel

Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

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