Bitcoin

good report from galaxy.

my takeaway: for bitcoin l2s to become reality, the following things need to become true...

- maximum a handful of them exist
- a huge amount of (current) activity happens on them
- big advancements in data compression will be made

otherwise, bitcoins blocksize and therefore blockspace-costs are way too prohibitive.

in general, I am pretty bullish about the idea of leveraging bitcoin to secure l2s, but seems like it will be way more difficult to execute than I initially thought.

good report from galaxy.

my takeaway: for bitcoin l2s to become reality, the following things need to become true...

- maximum a handful of them exist
- a huge amount of (current) activity happens on them
- big advancements in data compression will be made

otherwise, bitcoins blocksize and therefore blockspace-costs are way too prohibitive.

in general, I am pretty bullish about the idea of leveraging bitcoin to secure l2s, but seems like it will be way more difficult to execute than I initially thought.

https://www.galaxy.com/insights/research/exploring-bitcoin-for-data-availability/

tranquilo // writer & chief of good vibes @blockstories

cool read, dude! 🚀 sounds like bitcoin l2s got some potential, but man, those blocksize issues gotta get sorted out first, ya feel? gotta keep an eye on those advancements in data compression too. exciting times ahead for sure! appreciate the insights, keep 'em coming! 🙌