AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min snip
Why Building Bitcoin L2s Matter | Stacks Co-Founder Muneeb Ali
The Defiant - DeFi Podcast
Clarifying Layer 2 in Bitcoin: Transparency is Key
Bitcoin currently lacks any functioning rollups, necessitating additional tools or protocols to enable them. The concept of Layer 2 (L2) in Bitcoin differs from Ethereum, with its historical context predating Ethereum's existence. L2 in Bitcoin encompasses a broader definition, including established networks like Liquid. While debates over specific terminologies like sidechains versus federated networks persist, the essential focus should be on the transparency of security properties. Users must be informed about the trust assumptions when transferring Bitcoin from Layer 1 to Layer 2, as complete trustlessness is not always achievable. Clear communication about these assumptions is crucial to understanding the system's security and ensuring user confidence.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode