Brought to you by Alex.
26 Oct 2023, 14:00
🌐 Brought to you by Alex
Bridging the user experience gap between Layer 1 (Bitcoin's settlement layer) and Layer 2 (smart contract layer) is essential.
The interaction between these layers must be seamless to ensure a user-friendly DeFi experience. 💫
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1ALEX LabALEX #417
26 Oct 2023, 14:05
The Bitcoin L2 trilemma.
Out of three desirable properties (a) open network, (b) no new token, and (c) full/global VM, developers can only pick any two.
In 2023, we've seen a lot of interest in Bitcoin L2s (or sidechains, if you prefer that term). Unlike the rest of the crypto…
The Bitcoin L2 trilemma.
The Bitcoin L2 trilemma.
Out of three desirable properties (a) open network, (b) no new token, and (c) full/global VM, developers can only pick any two.
In 2023, we've seen a lot of interest in Bitcoin L2s (or sidechains, if you prefer that term). Unlike the rest of the crypto…