Bitcoin

Currently pondering on what makes a Bitcoin L2 actually a Bitcoin L2 (right now).

I think the main two requirements are either:

- does it use Bitcoin for DA
- is it a PoW protocol that lets Bitcoin miners merge-mine

Most “Bitcoin L2s” on Twitter right now do neither.

This is specific to side chains and rollups btw!

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Building interchain. Web3 UX flippening

It’s one or the other. E.g rootstock is a bitcoin L2 because its mined by bitcoin miners

Barknet is a bitcoin L2 because it uses bitcoin for DA

Either model is a bitcoin L2 imo

Why do you need POW merge mine when you already have Bitcoin DA?

I think launching a token, with large influencer allocations, before a live product is suspicious.

ZK rollups on Bitcoin are not possible.

What are your thoughts on Proof of Transfer with Stacks?

Founder @ taptive.xyz | Helped 30+ communities engage their members w/ writing cohorts | Helping builders build on Bitcoin | https://twitter.com/grant_nissly

I don’t think using PoX or staking BTC makes you a Bitcoin L2. You need to pay Bitcoin for security, not use Bitcoin to pay for security imo

What are your thoughts on Proof of Transfer with Stacks?

https://x.com/muneeb/status/1514739253602930694?s=20