The Scoop How layer-2s are trying to transform Bitcoin's culture
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Mar 18, 2024 The podcast delves into the growth and importance of Bitcoin Layer 2 solutions, highlighting the need for BTC capital in L2s and the potential for on-chain use cases to increase Bitcoin's value. It explores the evolution of Bitcoin's building culture towards L2 solutions, the emergence of Bitcoin roll-ups, the debate on Bitcoin's ecosystem and token value, and upcoming changes in the Trust Network ecosystem for Bitcoin's Layer 2.
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Stacks Enables Bitcoin Layer 2
- Building on Bitcoin Layer 1 is tough due to high fees and slow scaling.
- Stacks began in 2017 to enable safer smart contracts on Bitcoin Layer 2.
Ordinals Shift Bitcoin Culture
- Ordinals didn't change Bitcoin but shifted its culture drastically.
- They attracted users and capital, making Bitcoin development more dynamic and open.
Build Developer Communities
- Foster developer communities to support newcomers building on Bitcoin.
- Host distinct developer events alongside major Bitcoin conferences to grow collaboration.