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Mohamed Fouda
@fouda
I had a very insightful discussions with 2 of the top Bitcoin L2 Builders (founder of Citrea and BOB) Some key insights 1. BTC bridging between L2s & L1 is the largest challenge that sets L2s apart form sidechains 2. BitVM is positioned to become the defacto way to implement trust-minimized bridging between L2s & L1
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Mohamed Fouda
@fouda
3. BitVM-bridge are not likely be ready before 2025! 4. BitVM bridges have to figure out how much prover collateral is sufficient for safe operation 5. Other than BitVM, large dynamic threshold-signature bridging is the closest secure way for BTC bridging
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Mohamed Fouda
@fouda
6. The next set of challenges for L2s are: security of the L2 (zk or otherwise), censorship resistance, and DA 7. For L2s to succeed, native stablecoin support, dev tooling, and time-to-market are critical 8. The developer/community excitement for L2s is high but there are also shady projects out there.
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Mohamed Fouda
@fouda
Listen to the whole discussion here and make sure to apply to @alliance if you are building on Bitcoin https://twitter.com/alliancedao/status/1757052589810622607
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