Charles Hoskinson, Cardano (ADA) founder does not think that Bitcoin L2 has enough potential, especially compared to the Ethereum and Cardano ecosystem.
The Bottleneck With Bitcoin L2s
In response to an update provided by the co-creator of the Stacks protocol, Muneeb Ali about the Satoshi Round Table that was held in Dubai, Hoskinson strongly believes that Bitcoin cannot support the vibrancy of a layer-2 scaling solution. He went on to explain that the BTC network can not change to accommodate the dynamic L2 environment.
Buttressing his position on Bitcoin L2, Hoskinson talked about how the Ethereum and Cardano networks are constantly undergoing targeted upgrades. Oftentimes, these improvements are done to boost developers’ ability to deploy L2s that are effective, efficient, reliable, and secure. One such upgrade is the BLS support that the Cardano protocol is currently adding to Plutus V3.
Having been around for more than ten years, I have seen this narrative thrice. It follows t
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