Weekly Dose of Bitcoin L2 #March 5, 2024
Hi friends,
Happy Tuesday! Welcome to our first Weekly Dose of Bitcoin Layer 2.
Bitcoin has hit ATHs against multiple fiat currencies. Bitcoin’s price reached over $68K today, with the Bitcoin halving event just 44 days away. Crypto investors must have been winning big things all over the world.
We are only a slight distance away from the real ATH, maybe just need a few days. 📈🚀
Today’s weekly is brought to you by… a $WIF guy. Let’s dive in.
Top Stories
The most attention this week was on ETHDenver 2024.
Although its popularity has decreased compared to previous, the enthusiasm of the participants has not diminished 😊. Especially for Bitcoin Builders, it is a perfect choice for them to establish connections 🤝, raise funds 💰, and social️.
- BOB is an excellent guy. Its frequent actions show unparalleled vitality.
BOB announced its Rollup roadmap at the Bitcoin Renaissance event, during EthDenver 2024.
And BOB to go live at the Bitcoin Halving.
- SatoshiVM is a controversial project. Recently, SatoshiVM announced that the Alpha Mainnet will be publicly launched on March 15.
- Nubit introduced Modular Indexer: Fully User-Verified Execution Layer for Meta-Protocols on Bitcoin
- ROOS unveiled mainnet Roadmap
- LNP/BP An update on RGB roadmap
- BEVM Testnet-v0.1.3 has launched, one step closer to the Mainnet.
Funds continue to flow into the Bitcoin Layer2 field. This week, three projects, QED, Saturn, and BounceBit, have completed their funding rounds. Congrats to the team!
QED is Bitcoin’s native execution layer, designed to address the challenges of Web3 development.
Saturn is a non-custodial peer-to-peer orderbook that bringing fungibility and a new token layer to Bitcoin.
BounceBit is a native BTC staking chain secured by staking Bitcoin and the BounceBit token.
Top Insights
Robin Linus: If you have to trust an oracle, which makes this approach inferior to a simple federation. Plz read this article “OR Operator for DLCs and PTLCs”
Bitlayer released an article about “The missing Experiment of BitVM White Paper”. It serves as a valuable addition to the entire Bitcoin community, given the significance of BitVM.
Bitfinity Network released in-depth article from the Blog✨ examines how #Bitfinity helps to solve the Blockchain Trilemma.
Valuable Research
In this section, we won’t be limited to this week’s research. There are many studies about Bitcoin Layer2 that are worth revisiting and studying in depth. This week, we recommend the following content:
- David Seroy released whiteboard session on Bitcoin rollups
- Galaxy releases report on “Bitcoin as a Platform”
Jobs in the space
OK, that’s all for this week.
Questions or more feedback? Get in touch with us here. DM always open for everyone!
