The Bitcoin ecosystem is bound to have a big wave.

The Bitcoin Layer2 track has been quite lively recently... @WalletConnect This project is quite interesting, claiming to be the first solution based on BitVM, with a TVL already reaching 430 million USD.

What interests me the most is their dual-layer architecture:

PoS is responsible for fast block production, while the Bitcoin main chain ensures security.

This design is much more reliable than those projects that solely rely on multi-signature bridges...

Moreover, they already have over 100 dApps in their ecosystem, ranging from DeFi to gaming.

Recently, they are also running the #walletconnect Binance Wallet Booster event, airdropping 5.15 million BTR tokens.

In terms of technology, the combination of BitVM's recursive proof and zero-knowledge proof is quite innovative, reportedly achieving sub-second soft confirmations and 7-day hard confirmations.

However, the most critical aspect is still whether they can achieve the goal of 20,000 TPS by the end of the year... #bitlayerTGE

Do you think such Bitcoin Layer2 projects can break Ethereum Rollup's monopoly?

Let's discuss your views in the comments section. $WCT