Charles Hoskinson, the founder of the public blockchain Cardano, expressed low expectations for the development of Bitcoin Layer2 network and bluntly stated that it is just a hype created by various projects hoping to capitalize on the hype surrounding Bitcoin’s halving.
Last Sunday (4), Charles Hoskinson responded to Muneeb Ali, the co-founder of Stacks, discussing the latest progress of Bitcoin Layer2 network on the social platform X (formerly Twitter), stating that Bitcoin cannot support the activities of Layer2 network.
Regarding his viewpoint, Charles explained that public blockchains like Cardano and Ethereum will continuously undergo targeted upgrades with the aim of improving developers’ ability to deploy efficient and secure Layer2 networks on their networks, such as the BLS added to Plutus V3 in Cardano and projects like Hydra and Mithril.
However, he pointed out that Bitcoin will not change or add any additional functionality.
Furthermore, Charles also bluntly pointed out that the entire concept of Bitcoin Layer2 is actually riding on the hype of the Bitcoin halving event.
Muneeb Ali responded to Charles’ questioning, stating that developing the Bitcoin Layer2 network does not require any changes to Bitcoin.
At the same time, many community members have great confidence in the Bitcoin Layer2 network, stating that…
Whether Charles Hoskinson is praising his own public blockchain Cardano or he really does not have a positive outlook on the development of Bitcoin Layer2, more time is needed for verification.
Related reports:
In-depth discussion on the differences between Layer2 and L2 Rollup, the way forward for the Bitcoin ecosystem.
Bitcoin Layer2 ecosystem: Which Rollup scaling solution has the most potential?
V God calls for Bitcoin to “learn from Ethereum’s Layer2 scaling” or else it will only stay in the payment phase.