:opinion: Opinion:

Bitcoin's scalability and extended functionality depend heavily on Layer 2 (L2) solutions built atop its main chain. However, not all L2s are created equal. There are two distinct development paths for Bitcoin L2s, and it's crucial to recognize which aligns more closely with Bitcoin's native principles. An L2 that introduces its own gas token, additional currency, or even wrapped BTC diverges from Bitcoin's core ethos. Users transacting through such L2s often compromise the very qualities that make Bitcoin valuable, such as decentralization, censorship resistance, and minimized trust assumptions. These tokens introduce separate governance structures and economic models that resemble altcoins more than extensions of Bitcoin itself.

In contrast, L2s like the Lightning Network and Liquid, which operate without their own tokens or centralized governance, stay true to Bitcoin's foundational principles. They scale Bitcoin without introducing unnecessary complexities or third-party trust dependencies. Be cautious of projects like STX and similar upcoming L2s that masquerade as Bitcoin extensions while functioning more like altcoins. They often serve as profit-driven enterprises rather than genuine Bitcoin scaling solutions. The Bitcoin ecosystem needs authentic, native scaling solutions built on successive layers that inherit Bitcoin's core attributes. We look forward to the promising developments underway that aim to achieve this vision.

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