According to reports by Wu, Messari researcher AJC pointed out three major opportunities for Bitcoin Layer 2: First, the Bitcoin network cannot provide smart contract functionality, unlike Ethereum. Second, there are no entrenched leaders in the Bitcoin ecosystem, the BTC holdings are decentralized, and new entrants can easily compete. Finally, BTC has a strong economic foundation as a crypto asset. As StarkNet shifts towards Bitcoin, AJC expects more Ethereum Layer 2 to transition to the Bitcoin ecosystem.
Messari researcher AJC analyzes three major opportunities for Bitcoin Layer 2
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