Here Are The Bitcoin Layer 2s To Watch Out For, According To Grayscale

Crypto asset management giant Grayscale says there’s a “renaissance” in Bitcoin development, with several new Layer 2s worthy of keeping an eye on.

One of the leading applications of BitVM in development is optimistic Bitcoin rollups, letting users batch fast, cheap transactions together in off-chain environments before settling them back to Bitcoin in one piece.published a whitepaper explaining a practical Bitcoin rollup system that would let users bridge BTC back and forth between rollups in a decentralized manner.

Users’ pegged Bitcoin assets are secured by a rotating subset of 100 ”orchestrators” that manage the layer 2 chain, which can feature any functionality seen on other blockchains, like Bitcoin.Babylon is also expanding the Bitcoin “staking” world through its BTC re-staking technology. This would allow BTC holders to stake their coins and earn yield on them by using them to secure other blockchain networks, like Solana or Ethereum, if the latter networks were upgraded to allow for it.

“With numerous projects vying for attention and liquidity simultaneously, the Pareto principle suggests that only a select few will emerge as successful projects in the coming years, similar to patterns observed on other smart contract platforms,”

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