0 sats \ 1 reply \ @Cje95 OP 5 Jul \ parent \ on: Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s bitcoin
Hate to be that person but you have to idk read a little bit. Cause literally the words after are
Core and BoB (Build on Bitcoin) Bitcoin layer-2 solutions.
Those doesn't count? Pretty soon you can eliminate them all. This isn't just one its freaking multiple.
According to my definition, they also do not count.
Core, from CoreDao uses what they call
The Satoshi Plus consensus mechanism combines the best of Bitcoin and Ethereum. Decentralization and security are ensured through Delegated Proof of Work (DPoW) from Bitcoin mining pools. Scalability and composability are achieved through Delegated Proof of Stake (DPoS) from CORE token holders.
I do not care for Proof of Stake, hence I stopped reading.
I don't know about BoB, but the website raises similar keywords that I make I cannot consider these to be Bitcoin layer 2.
For me, an L2:
- does not creates its own token
- fully relies on Bitcoin's POW
- does not need to bridge to ETH to use their smart contract abilities
- does not give power to the biggest bags through POS
Currently, only LN qualifies as an L2 to me. Arguably projects such as RGB and Taro. Maybe projects like ARK in the future...
It's all fine that they do. I just stated that I stopped reading here, in the same way I would not go reading an ETH forum or a Stacks telegram group. I'm ok with them issues US Treasuries.
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