Bitcoin Magazine: Three Conditions Bitcoin Layer 2 Standards Must Fulfill
The longstanding Bitcoin news media outlet, “Bitcoin Magazine,” has recently published an article on its official website outlining clear standards for Bitcoin Layer 2 (L2). The key points include:
Utilization of Bitcoin as the native asset.
Enforcement of transactions using Bitcoin as the settlement mechanism: L2 users must have the ability to reclaim control over their Layer 1 assets through a mechanism (trusted or trustless).
Demonstrated reliance on the functionality of Bitcoin: If the Bitcoin network fails but the associated system can still operate, then that system is not considered a Bitcoin L2.
The article notes that given the current wave of speculators attempting to leverage the development of Bitcoin L2 to promote their crypto assets, Bitcoin Magazine will assess Bitcoin L2 based on these standards to determine whether to cover it in their reporting.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Slowmist Releases October Web3 Security Incident Report
TEAMZ Web3・AI Summit 2025: Bringing Global Leaders to Tokyo
Russia Establishes Legal Framework and Standards for Crypto Mining
Japan’s Crypto Industry to Launch “Self-Regulation” of Stablecoins
0.00