Weekly Dose of Bitcoin L2 #March 12, 2024
Hi friends,
The fourth Bitcoin Halving is on the way, less than 40 days.
It’s been another unbelievable week. #BTC is continuously setting new all-time highs, and MicroStrategy is a player with surging desires, continually increasing its bets📈.
An interesting joke, Donald Trump suggests he would not crack down on bitcoin, other cryptocurrencies as president.
LFG!
Top Stories
The much-anticipated Nakamoto upgrade for Stacks is coming, which is expected to bring new changes to the Bitcoin ecosystem.
-The Pre-Launch Testnet for Nakamoto has been Activated on March 11.
Here is the detail you can read through the testnet and mainnet.
-Ligo, 1st Bitcoin Layer2 blockchain for Gamefi, launched its testnet.
-BounceBit Testnet was officially LIVE.
-Citrea released its roadmap, and their goal is to conclude 2024 with the launch of Citrea Mainnet Beta.
-Mirror L2 published its Node Election& User Campaign.
Here is a funding list for Bitcoin Layer 2 solutions this week.
Bison Labs: Seed funding round; Taproot Labs: strategic investment; Mirror L2: first funding round; BitSmiley: strategic investment; and Binance Labs invested UXUY.
Bison is a cutting-edge rollup amplifying transaction speeds, while enabling advanced functionalities on native Bitcoin.
Taproot Labs focuses on developing Bitcoin application layer Layer 2 and a multi-chain asset trading platform based on the Lightning Network Taproot Assets Protocol.
Mirror L2 is a decentralized Proof of Stake (POS) BTC L2 network that is EVM compatible and utilizes BTC as GAS.
BitSmiley is the MakerDAO+Compound of the Bitcoin ecosystem, providing a comprehensive solution for Bitcoin DeFi by addressing the most significant gaps in the current Bitcoin ecosystem — stability coins and lending infrastructure.
Top Insights
BEVM released a Bitcoin Layer 2 technological solution Taproot Consensus, which is composes of Taproot technology(including Musig2, Schnorr signatures, MAST, and more), A BFT PoS network composed of Bitcoin SPVs and Threshold node communication formed through the Signal Protocol. you can check the detail here.
Coinbase: Crypto markets could face macro and technical headwinds in the near term and the liquidity could be impacted by quarter-end rebalancing.
A serios article about Bitcoin economy from The Spartan Group, still waiting for their part 4 of 4😊.
Bitcoin Layers: Tapestry of a Trustless Financial Era (Part 1 of 4)
Bitcoin Layers: Bitcoin Economy Awakened (Part 2 of 4)
Layer by Layer: An In-Depth Exploration of Bitcoin’s Evolving Ecosystem (3 of 4)
New Tools or Website
Bitcoin Layers: a list covering most of Bitcoin Layer 2s.
Bitcoin Optech: bringing the best open source technologies and techniques to Bitcoin-using businesses in order to lower costs and improve customer experiences.
Jobs in the space
OK, that’s all for this week. More to cover~~~
Questions? Get in touch with me here, dm is always open.
