In the “pioneering period” of Bitcoin ecology, these 5 Layer 2 projects deserve attention

While waiting for the final results of the Bitcoin spot ETF, the market has been paying close attention to the ecological construction of Bitcoin. Previously, Jademont, founder of Waterdrip Capital, said that at least 10 Bitcoin Layer 2 networks will be launched next year, which will take a big step forward in promoting the construction of Bitcoin ecological infrastructure in terms of traffic.

But building on Bitcoin, which carries Satoshi Nakamoto’s vision, is still a controversial choice. Previously, Bitcoin Core developer Luke Dashjr called Inscriptions a bug that exploited vulnerabilities in the Bitcoin network, and then claimed that the Ordinals protocol was also a scam, triggering a major discussion in the community about the value of Inscriptions.

A few days ago, Adam Back, CEO of Bitcoin technology company Blockstream, publicly stated that the high fees brought by Inscription transactions have promoted the adoption and innovation of Bitcoin Layer 2. He believes that trying to stop (Inscription), they will end up with something worse. Ways to do this. Bitcoin OGs remarks also made many encryption users choose to believe in the narrative of Bitcoin Layer 2.

The previous inscriptions opened up the narrative of Bitcoin asset issuance, and the future scenarios of these inscriptions cannot be realized on the Bitcoin main chain. Application scenarios need to be built on Bitcoin L2. Some community users bluntly said, Is Bitcoin Layer 2 necessary? It’s entirely a market choice, not planned.”

Before the inscription craze drove the development of the Bitcoin ecosystem, there were actually some Bitcoin Layer 2 projects. For example, Rootstock (RSK) used merged mining to ensure security comparable to Bitcoin; Stacks (STX) this year It has also recovered strongly, with STX also rising 55.6% in the past seven days. Stacks has undergone several key network upgrades this year, including Stacks version 2.1, which introduced decentralized mining and bridging to Bitcoin.

Nowadays, a new batch of Bitcoin Layer 2 has appeared on the market that has attracted a certain amount of attention. BlockBeats has compiled several current projects worthy of attention. However, readers need to be reminded that the construction of the Bitcoin ecosystem is still in the opening up period. Investment Caution is required.

MAP Protocol

MAP Protocol is a Bitcoin Layer 2 for point-to-point cross-chain interoperability. On December 7, MAP Protocol announced that it has received strategic investment from Waterdrip Capital.

By leveraging Bitcoins security mechanism, MAP Protocol allows assets and users of other public chains to interact seamlessly with the Bitcoin network, not only enhancing network security but also enabling BRC 20 cross-chain capabilities. Through MAP Protocols cross-chain extension protocol BRC-201 for BRC-20 tokens, BRC-20 and ORC-20 assets on the Bitcoin network can interact with other tokens on other public chains.

MAP Protocols native tokens are MAP and MAPO, which are the same tokens but use different codes to distinguish the chains they are on. On December 18, MAP Protocol announced the launch of a large-scale token destruction, with a total amount of 133,886,020 MAP/MAPO, accounting for 5.9% of the circulating supply.

Dovi

Dovi is a Bitcoin Layer 2 compatible with EVM smart contracts, designed to enhance scalability, reduce fees, and promote a more secure, decentralized financial ecosystem. On December 11, KuCoin Labs announced a strategic investment in Bitcoin Layer 2 solution Dovi and reached a partnership. Its native token DOVI was launched on the KuCoin trading platform on December 12.

According to the white paper released yesterday, Dovi’s application scenarios mainly include high-speed transaction functions. Users can make fast small payments, suitable for daily shopping and online services; developers can design and deploy complex smart contracts on the network without worrying about Transaction speed and cost; businesses can use Dovi for large-scale asset transfer and management; educational institutions and researchers can explore new applications of Bitcoin and blockchain technology in fields such as economics, computer science, and sociology.

According to the official website, the next step for Dovi is to release a test network, establish developer community and ecosystem support, and launch Dovi V1.

x.TAI

x.TAI Network is a second-layer extension network of Bitcoin based on AI encryption algorithm. It integrates technological innovations such as AI, DeInfra, and Layer 2, aiming to establish a development environment and ecology suitable for the development of Inscription.

On December 8, x.TAI announced a real-life demonstration of the encryption process of the XRC 20 protocol. It is the first protocol to bring GRU and Lorenz Hyperchaotic System into the Bitcoin second-layer extended network. x.TAI achieves a high-privacy, low-interaction cost second-layer network through witness compression technology. environment. In addition, x.TAI disclosed that it has received US$1.2 million in financing for subsequent technology development and expansion.

DFS Network

DFS Network is a Bitcoin Layer 2 project under construction. After going online, various inscriptions issued on the Bitcoin network can be traded on the DFS Network, and DeFi, games, etc. can also be built on it.

According to official information, DFS is the main network token of DFS Network, with a total amount of 10 million. 1 million DFSN are fairly distributed on the BTC chain, and 2.5 million DFS are fairly distributed on the EOS chain. They will be mapped to airdrops at a 1:1 ratio. On the DFS Network, the remaining 6.5 million will be fairly released through liquidity mining. The relationship between DFSN and DFS: 1 DFS= 1 DFS, 1 DFSN= 1 DFS + 1 meme (BRC-20).

Be L2

On December 20, Elastos plans to launch the Bitcoin Layer 2 network Be L2 (Bitcoin Elastos Layer 2), a move aimed at attracting Bitcoin transactions from the staking tools provided by the new platform. After the news was announced, Elastos native token ELA rose by 56.2% in 24 hours.

Be L2 integrates Elastos Smart Chain (ESC) with Bitcoin and will allow for more complex Bitcoin transactions than the base Bitcoin blockchain, including smart contracts and irreversible digital agreements. These smart contracts are immutable and transparent and operate without the need for third-party intermediaries.